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Allens follows CEO of mining client into a new deal

Allens follows CEO of mining client into a new deal

Allens Arthur Robinson is acting for Conquest Mining Limited on its scrip and cash off-market takeover bid for gold producer North Queensland Metals Limited, announced today._x000D_

ALLENS Arthur Robinson is acting for Conquest Mining Limited on its scrip and cash off-market takeover bid for gold producer North Queensland Metals Limited, announced today.

Conquest today said it sees clear benefits from combining the two companies into a larger, more diverse, gold mining company. Conquest executive chairman, Jake Klein, said the combined company will be able to deliver better results to shareholders than they would alone.

Conquest’s long-term goal is to create a genuine mid-tier gold producer with significant production scale and upside, and the offer is the first step on its path to realising its goal through organic growth and future acquisitions.

Allens partner Guy Alexander and senior associate Andrew Wong are advising Conquest on the takeover.

Alexander noted that the deal will give the firm to work with this major client again. The firm acted for Sino Gold, where Klein was CEO at the time, on its $A2.2 billion merger with Eldorado Gold in the second half of last year.

If Conquest acquires all of the NQM shares under offer, it will have approximately 453 million ordinary shares on issue, while former NQM shareholders will own 22 per cent of the combined company.



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Allens follows CEO of mining client into a new deal
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