DLA Piper Advised on Häggån Polymetallic Project Transaction with Brokered Private Placement by MDCP Securities

DLA Piper Advised on Häggån Polymetallic Project Transaction with Brokered Private Placement by MDCP Securities

DLA Piper Canada advised Siu Metals Corp. on its binding agreement with Aura Energy Limited (ASX: AEE; AIM: AURA) in which Siu Metals acquired Aura’s Häggån polymetallic project in Sweden by way of a reverse takeover transaction and complete a CAD $10 million brokered private placement led by MDCP Securities Ltd., for an aggregate transaction value of CAD $50 million.

Under the transaction, Siu Metals has acquired Aura’s wholly owned Swedish subsidiary, Vanadis Battery Metals AB, in exchange for common shares of Siu Metals. Upon completion, Aura is expected to become the controlling shareholder of the resulting issuer, which intends to seek a listing on the TSX Venture Exchange. The transaction is expected to complete in the second quarter of 2026.

The DLA Piper Canada team was led by Denis Silva (Partner) and Brendan Smith (Partner). The team advised on Canadian corporate and securities law matters in connection with the reverse takeover, private placement financing and proposed TSXV listing.

Click to know more about DLA Piper

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.