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Africa

Case Studies

Firestone Diamonds plc

In mid 2013, Strand Hanson was appointed by Firestone Diamonds plc as nominated and financial adviser to the Company. In late 2013, Strand Hanson was engaged specifically to advise the Company on the US$222.4m fundraise required to build and commission the Main Treatment Plant at Liquobong, the Company’s flagship asset in the Lesotho-highlands, with expected full nameplate production in early 2016.

Lekoil Limited

In early 2013, Strand Hanson was engaged by Lekoil, the oil & gas company established to acquire assets in sub-Saharan Africa and in particular Nigeria, to advise on the acquisition of an ultimate 30 per cent. economic interest in OPL310, offshore Nigeria from Afren PLC and simultaneous admission to trading on AIM. OPL310 is an early stage Nigerian oil & gas asset, located in the Dahomey-Benin Basin, with significant potential. Admission to trading on AIM occurred in mid-May 2013.

Stonewall Mining (Pty) Limited

In March 2011, whilst working as financial adviser to Stonewall Mining (Pty) Limited, Strand Hanson provided medium term bridge financing when an equity investor failed to honour its commitments, leaving the Company with critical short-term working capital concerns.