On March 11, 2008, Australia's CopperCo Ltd. announced that it would fund an expansion in its copper cathode making capacity via a A$30.4 million placement. CopperCo said it would immediately issue 33.7 million shares at A$0.54 each, raising A$18.2 million, to institutional investors in Europe. A further 22.6 million shares at A$0.54, raising A$12.2 million, will be issued to institutions in Europe and Asia Pacific, subject to shareholder approval in April.

CopperCo was advised in this transaction by a team from Fasken Martineau led by Al Gourley and including Mark Camilleri and Michael Kashis.