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Gilbert + Tobin has advised gold producer Firefinch Limited on its acquisition of the Morila Gold Mine.
Firm: Gilbert + Tobin (Firefinch Limited)
Value: The final acquisition price was US$27.67 million ($38.4 million) plus a US$1.2 million adjustment for gold in Dore and in fine carbon, according to a statement from G+T, who added it advised Firefinch on the negotiations and on the $74 million (before costs) capital raising to fund the transaction.
Area: M&A, finance
Key players: The team advising Firefinch was led by G+T energy and resources partner Michael Blakiston, and supported by lawyers Amelia Arndt, Lara Borshoff and Chamali Samarasinghe.
Deal significance: Firefinch Limited, formerly known as Mali Lithium, completed its acquisition of the interest in the Morila Gold Mine on 10 November 2020.
“It was a pleasure working with the Firefinch team on what was a complex and challenging transaction resulting in huge benefits not only for Firefinch but for the Government of Mali, the Morila workforce and surrounding Malian community," said Mr Blakiston.
"We look forward to seeing the long-life gold operation run under Firefinch’s ownership.”
