Watson, Farley & Williams, a leading international law firm, is pleased to announce that it recently advised Mariana Resources Ltd on its placement to raise £6.75 million (approximately US$10 million) at a price of 28 pence per ordinary share.

Mariana Resources Ltd is a mining company listed on Alternative Investment Market (‘AIM’) of the London Stock Exchange with a focus on Argentina and Chile. The funds raised will be used to accelerate the development of the Company’s Argentinean gold-silver portfolio. The Company’s primary focus will be to fast-track exploration drilling at its flagship Las Calandrias gold discovery, located in the prospective Deseado Massif gold district in southern Argentina.

Jan Mellmann, Head of the International Corporate Group, led the team for Watson, Farley & Williams and was assisted by solicitor Helen Berg.

Jan Mellmann, Partner and Head of Watson, Farley & Williams International Corporate Group comments: “We have a longstanding track record in advising international natural resource companies on AIM listings and we are delighted to have advised Mariana Resources Ltd in undertaking this placement enabling it to drive the Las Calandrias gold discovery toward further development.”  

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For further information, please contact:
Alexandra Quilici
PR Executive
+44 20 7814 8088
aquilici@wfw.com

 Editors’ notes:

1. Watson, Farley & Williams is an international law firm with offices in London, New York, Paris, Hamburg, Munich, Rome, Milan, Madrid, Athens, Piraeus, Singapore and Bangkok. The firm currently has 298 lawyers and over 500 staff.

2. Watson, Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Finance & Investment, Maritime, Energy, Natural Resources, Transport, Real Estate and ICT. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients.

All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this document mean Watson, Farley & Williams LLP and/or its affiliated undertakings. Any reference to a 'partner' means a member of Watson, Farley & Williams LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing and qualification