Ashurst has advised Euroz Securities Limited and Canaccord Genuity (Australia) Limited on a fully underwritten accelerated, non-renounceable entitlement offer by Cooper Energy Limited that will seek to raise up to A$62.6 million.

Euroz and Canaccord are acting as joint lead managers, bookrunners and underwriters to the Entitlement Offer (of 1 share for every existing 2 shares in Cooper at an issue price of $0.285).

Proceeds from the Entitlement Offer will be partially used to fund Cooper Energy's proposed acquisition of Santos Limited's Victorian gas assets.

Lead partner Antonella Pacitti (Corporate) comments: "It has been a real pleasure to support Euroz and Canaccord on this capital raising, which is already receiving strong support from investors."

Antonella was assisted by lawyers Richard Tan and Rowan Krasnoff (Corporate).