Firms: Finlaysons (IMX)
Deal: IMX acquired all of the shares in Continental Nickel Limited (Continental)
Value: Approximate fair value of Continental Nickel Limited (pre-merger) was $34.5 million
Key players: The Finlaysons team was led by partner Jeremy Schultz (pictured), with support from consultant Jon Gregerson, associate Sami Wilson and lawyer Angelique Basse
Deal significance: IMX and Continental are partners in a nickel sulphide joint venture project located in Tanzania. The deal consolidated ownership of this project within a single corporate group. It also saw IMX list on the Toronto Stock Exchange whilst expanding its ASX listing to include the quotation of options. The acquisition was conducted pursuant to a plan of arrangement under Canadian law (similar to the Australian scheme of arrangement process), with scrip consideration provided by IMX.
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