DGO Gold advised on $308m takeover offer
ASX-listed DGO Gold is being advised by Piper Alderman on a takeover offer for all of the shares in DGO made by Gold Road Resources in a proposed all-scrip deal.
![ASX](/images/articleImages-850x492/ASX-stocks-2-lw.jpg)
Firm: Piper Alderman (DGO Gold); Corrs Chambers Westgarth (Gold Road Resources)
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Deal: Gold Road Resources is looking to take over all of the shares in DGO in a proposed all-scrip deal. DGO Gold’s portfolio of prospective exploration and mining assets includes holdings in De Grey Mining, Dacian Gold, Yandal Resources, and exploration tenements in the Pilbara, Yilgarn, Bryah and Stuart Shelf regions of Western Australia and South Australia.
Area: Corporate, M&A, energy and resources
Value: $308 million
Key players: The Piper Alderman team consisted of principal Alasdair McLean, senior associate James Hill and associate Andrew Cutler.
Deal significance: Speaking about the deal, DGO Gold executive chairman Eduard Eshuys said: “I am proud of the high-quality portfolio of assets DGO Gold has accumulated.
“DGO has consistently traded at a discount to the value of its assets, and this offer not only recognises and unlocks that value, but provides DGO shareholders with ongoing exposure to these assets and the Gold Road portfolio, as part of a more liquid investment in a cash flow generating ASX200 Gold producer.”
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