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BlueMount Capital Secures Funding for Project Core

Project Core is a leading Southeast Asian provider of high-quality drilling services for the minerals, energy and civil sectors.

BlueMount (BlueMount Capital (Qld) Pty Ltd) is Project Core’s corporate advisor and has been assisting the company with its strategic focus, investor readiness, valuation, financial projections and investment structuring, due diligence and placement.

BlueMount has secured a US$10m facility to refinance existing facilities and fund further expansion of Project Core. The engagement has involved complex cross jurisdiction lending and security arrangements.

Project Core’s Managing Director stated “I am delighted to announce that we have closed this essential growth funding opportunity with the strong transaction support from BlueMount Capital. BlueMount Capital worked closely to devise an investment banking initiative to fund for future growth while engaging discussions with global and local strategic institutional partners.”

About Project Core

Project Core are experts at completing projects throughout Asia, Australia Pacific and Africa and have a proud track record of success. They offer professional drilling services for all conditions as can be seen from its diverse range of innovative and efficient work across various regions with varying levels of complexity.

The team has extensive experience of collaborating with clients to understand the demands of their projects and help them achieve their drilling requirements.

The level of management involved, and their industry connections to a large private equity resources fund and a major mining house, positions Project Core to drive further growth.

About BlueMount Capital

BlueMount Capital is an Australia based investment firm and corporate finance group assisting and advising corporate clients on listing on the ASX, M&A, private placements, cross border transactions and the raising of capital from the equity and debt markets. For more information please email brisbane@bluemountcapital.com or phone +61 7 3160 2840.

Dr Mark Rainbird
Chairman,
BlueMount Capital