Holding Redlich has had a double win with one client, advising on two major deals and four in the past six months.
Singapore-based LionGold used the firm for two recent transactions.
A US$7 million share acquisition from gold explorer Republic Gold Limited (an ASX listed entity) of its wholly owned subsidiary, Vista Gold (Antigua) Corp Ltd which, through Bolivian subsidiaries, owns the Amayapampa Gold Project in Bolivia; and An off-market takeover bid for mining development and gold exploration company Brimstone Resources Limited (an unlisted public company).
These follow two other recent takeover transactions where Holding Redlich advised LionGold: a takeover bid for ASX-listed Castlemaine Goldfields Limited (with projects in the Victorian goldfields) announced on April 16, and a takeover bid for ASX-listed Signature Metals Limited (with projects in Ghana) which completed in March.
Corporate partner Darren Pereira led the team, with Sydney senior associates Andrew Fisher (energy and resources), Michael MacMahon and Toby Yiu (corporate) the others.
“This is the fourth transaction in which Holding Redlich has acted for LionGold in the last six months,” Pereira said.
“It has been an international effort – for all of these transactions, Holding Redlich worked closely with LionGold’s Singapore lawyer, Raymond Tan a partner at Robert Wang & Woo LLP as well as counsel in Ghana, Mali, Antigua and Bolivia.”
Herbert Geer, with lead partner Andrew Bristow and special counsel Catriona Glover, acted for Brimstone Resources Limited and Corrs Chambers Westgarth, with partner Andrew Lumsden and senior associate David Sim, acted for Republic Gold Limited.
“All the transactions involved a number of complex legal issues, particularly arising from the issue of foreign shares as consideration in a scrip for scrip offer,” Pereira said.
“LionGold’s listing on the Singapore Exchange, together with its interests in Ghana and Mali and potential interests in Antigua and Bolivia, has meant these transactions involved cross- border issues.”