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Bakers, Blakes, act on Victorian gold deal
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Bakers, Blakes, act on Victorian gold deal

Baker & McKenzie and Blake Dawson have acted on the sale of gold miner Lihir Gold Ltd's Ballarat mine in Victoria to Castlemaine Goldfields.

BAKER & McKenzie and Blake Dawson have acted on the sale of gold miner Lihir Gold Ltd’s Ballarat mine in Victoria to Castlemaine Goldfields.

Bakers acted for Castlemaine Goldfields Limited in conjunction with corporate advisers RFC Corporate Finance Limited on the acquisition of the Ballarat Gold Project and the associated $32 million capital raising.

Lawyers from Baker’s Melbourne office advised Castlemaine Goldfields on the acquisition which settled on 7 May 2010 following announcement of the acquisition on 5 March 2010.

The law firm’s work included negotiation of the transaction documentation with Lihir Gold Limited, placement and share purchase plan documentation raising $32 million and Castlemaine Goldfields shareholder approval and associated documentation.

Bakers partners Richard Lustig and John Mollard led firm’s team, supported by Dora Stilianos and Jeremy Saw.

The Ballarat Gold Project is an icon, said Lustig. “We have had a strong connection to it over many years. We congratulate Castlemaine Goldfields and RFC on obtaining strong support for the fundraising and successfully completing the acquisition."

Blake Dawson, meanwhile, acted for Lihir.


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