find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Norton Rose leads on $1bn Allied Gold merger

Norton Rose leads on $1bn Allied Gold merger

Norton Rose has advised Allied Gold Mining Plc on its merger with gold producer St Barbara Limited. The deal sees the creation of a combined group worth about AU$1 billion.

The Norton Rose Group team brought together lawyers from the Group’s London, Canada and Australia offices. . The Australian team was led from Perth by partner Liz Allnutt and senior associate Sarah Lilly.

The London team was led by corporate partners Raj Karia and Paul Whitelock, with assistance from corporate associates Fiona Millington, Emma Howes, Brian Butterwick, Christopher McCarthy and incentives partner Monique Fry.

The Canadian team from Toronto was led by partner Pierre Dagenais, with assistance from corporate associate Bruce Sheiner

Under the terms of the recommended offer, St Barbara will acquire the entire issued and to be issued ordinary share capital of Allied Gold for AU$1.025 in cash and 0.8 St Barbara shares for each Allied Gold share. The deal values Allied Gold at AU$556 million.

The merger means Allied Gold becomes a wholly owned subsidiary of St. Barbara, with current St Barbara shareholders owning 67 per centand Allied Gold shareholders owning 33 per cent of the new group.

Norton Rose Group also advised Allied Gold Mining on its restructuring and listing on the main market of the London (LSE), Australian (ASX) and Toronto (TSX) stock exchanges last year.

Raj Karia, corporate partner at Norton Rose Group said the deal represents a major step for the companies involved and for the wider gold mining market.

“The combined group will be a c.435,000 ounce gold producer, with a development profile spanning exploration to gold production, and the resources to expand further.

“It’s particularly pleasing for us to be able to take Allied Gold through this next stage in its development following its triple listing last year.”

 

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

Norton Rose leads on $1bn Allied Gold merger
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Violence
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
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 & ...