Big Law

Clutz strikes gold with multi-million merger

Clayton Utz has announced it is advising ASX-listed Kingsgate Consolidated Limited on its agreed merger with Dominion Mining Limited, Under the proposed scheme of arrangement, announced…

October 21, 2010 • By Lawyers Weekly

Clayton Utz has announced it is advising ASX-listed Kingsgate Consolidated Limited on its agreed merger with Dominion Mining Limited,

This content is available exclusively to Lawyers Weekly premium members.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

Under the proposed scheme of arrangement, announced yesterday (20 October), Kingsgate will acquire all of the shares in Dominion in exchange for 0.31 Kingsgate shares per Dominion share. The transaction values Dominion at approximately $376 million.

Clayton Utz national mergers & acquisitions practice head, John Elliott, is leading the firm's team advising Kingsgate.

Commenting on the transaction, Elliott said: "This is a further example of the ongoing consolidation we are seeing in the gold mining sector. The transaction will strengthen Kingsgate's position as the premier mid-tier gold producer in Australia and provide Kingsgate with an enlarged operational and financial platform."

Lawyers Weekly - legal news for Australian lawyers

Clutz strikes gold with multi-million merger