find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Uranium merger gets green light

Uranium merger gets green light

Ben Smith Minter Ellison

Minter Ellison helped negotiate a merger between an ASX-listed uranium exploration company and a US uranium developer.

Firms: Minter Ellison (Uranium Resources), Hogan Lovells (Uranium Resources – US adviser), Steinepreis Paganin (Anatolia Energy)

Deal: Anatolia Energy has been merged into Uranium Resources.

Value: $88.7 million

Area: M&A

Key players: Partner Ben Smith headed the Minter Ellison team, assisted by lawyer Muli Zhou and senior associate Kevin Ko.

Deal significance: The transaction will be implemented via three interconditional schemes of arrangement, under which Anatolia security holders will receive equivalent securities in Uranium Resources, Inc, according to a statement from Minter Ellison.

As a result, Uranium Resources, Inc. will seek to be listed on the ASX.

“US-based Uranium Resources, Inc. explores for and develops uranium deposits,” the statement said. “It has more than 200,000 acres of mineral holdings in New Mexico, processing facilities and properties in Texas and a licence to produce up to three million pounds of uranium per year.

“Anatolia Energy Limited is an ASX-listed uranium exploration and development company holding an extensive portfolio of licences within the Republic of Turkey. Its primary asset is the Temrezli uranium project in Central Turkey.”

Minter Ellison predicted the merger would allow the Temrezli uranium project to be fast-tracked into production.

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

Uranium merger gets green light
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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'...
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...
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 & ...