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Becketts Lawyers acted for Canaccord Genuity (Australia) Limited and Morgans Corporate Limited on Genex Power’s recent placement and accelerated, non-renounceable pro rata entitlement offer which raised a total of $90 million.

The capital raising, which was fully underwritten by Canaccord and Morgans, was undertaken to fund the final equity contribution towards construction of the Kidston Pumped Storage Hydro Project.

The Becketts team, which was led by Nick Golding, was delighted to assist Canaccord and Morgans on Genex’s successful capital raising.