Deal: Odyssey Gold Limited, formerly Odyssey Energy Limited, has been advised on its acquisition of two gold mining exploration assets: the Stakewell Gold Project in the Meekatharra-Cue region of Western Australia from Diversified Asset Holdings Pty Ltd and the Tuckanarra Gold Project from Canadian listed gold producer, Monument Mining Limited.

The group was also advised on a capital raising and relisting on the Australian Securities Exchange (ASX).

Value: The Tuckanarra acquisition was worth $5 million and the capital raising was worth $3.125 million. Value details of the Stakewell Gold Project have not been disclosed.

Area: M&A, corporate, finance.

Key players: The team advising Odyssey Gold Limited consisted of Thomson Geer partner Michael Bowen, partner Michael Ng, senior associate Christopher Seotis and lawyer Ryan Gava.

Deal significance: The transactions come as Odyssey Gold Limited looks to expand its footprint across the nation and establish itself as a gold explorer.

According to a statement from Thomson Geer, the acquisition of the Tuckanarra Gold Project “substantially increases Odyssey Gold’s footprint in the Meekatharra-Cue region”.

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“Both projects have high-grade gold targets and show great promise for future exploration success,” the statement added.

Further, Thomson Geer partner Mr Ng noted: “It has been a pleasure working with Odyssey Gold as it positions itself to become a premier gold explorer”.