find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
KWM and Minters’ Golden placement

KWM and Minters’ Golden placement

King & Wood Mallesons and Minter Ellison have acted on a deal that will see Shandong Gold take a majority stake in Focus Minerals through a placement valued at $227.5 million.

Firms: Minter Ellison (Shandong Gold); King & Wood Mallesons (Focus Minerals Limited)

Deal: Share Subscription Deed

Area: Resources/Equity capital markets

Value: $227.5 million

Key players: The KWM team was led by partner Nicola Charlston, who was supported by solicitor Rob Kelly. Minters M&A partners James Philips (pictured), Sophie Chen and Adam Handley led for Shandong

Deal significance: Focus Minerals has four producing goldmines located at Coolgardie and Laverton in the eastern goldfields region of Western Australia and has 1650 square kilometres of tenement holdings and an existing mineral resource of 4.3 million ounces of gold. The investment by Shandong Gold will allow Focus Minerals to pursue growth opportunities and unlock the potential of its large tenement holdings and resource base. Shandong Gold International Mining Corporation Limited is a subsidiary of the Shandong Gold group Co Ltd, which is one of China’s three largest gold producers by production.  The placement is subject to a number of conditions, including Shandong Gold obtaining Chinese regulatory approvals, Foreign Investment Review Board approval, the approval of Focus shareholders and no material adverse change. If the placement is approved, Shandong Gold will hold 51 per cent of all Focus Minerals shares (on a fully-diluted basis), and will appoint three representative directors to the existing Focus board of four directors. Shandong Gold International Mining Corporation is a 65 per cent owned subsidiary of Shandong Gold Group Co Ltd. The remaining 35 per cent of shares in Shandong Gold are held by Shandong State-owned Assets Investment Holdings Co Ltd, which is 100 per cent owned held by the Shandong Provincial government

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

KWM and Minters’ Golden placement
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
07:05
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
07:00
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
07:00
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...