Gilbert + Tobin has advised IMDEX Limited (IMDEX) (ASX:IMD) on its A$224 million equity raising

G+T has advised IMDEX Limited (ASX:IMD) on its A$224 million equity raising to fund the proposed acquisition of Devico AS. IMDEX, founded in 1980, is a leading global mining technology company that enables drilling contractors and resource companies to safely find, define and mine orebodies with precision and at speed. IMDEX intends to raise up to A$224 million via an underwritten institutional placement, a 1 for 6 accelerated non-renounceable entitlement offer and a non-underwritten conditional placement to partly fund the proposed acquisition.