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Allens drives Conquest takeover bid
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Allens drives Conquest takeover bid

Allens Arthur Robinson has announced it is acting for Conquest Mining Limited (Conquest) on its scrip and cash off-market takeover bid for gold producer North Queensland Metals Limited…

Allens Arthur Robinson has announced it is acting for Conquest Mining Limited (Conquest) on its scrip and cash off-market takeover bid for gold producer North Queensland Metals Limited (NQM).

According to Allens, Conquest's long-term goal is to establish itself as a mid-tier gold producer with significant production scale and upside.

The offer thus represents the first step on Conquest's path to achieving this goal through organic growth and future acquisitions.

Partner Guy Alexander was assisted by senior associate Andrew Wong in advising Conquest on the takeover.

"The great thing for us about this transaction is that it is an opportunity for us to work again with Conquest executive chairman Jake Klein and his team," Alexander said.

"That team was at Sino Gold when we acted for Sino on its $2.2 billion merger with Eldorado Gold in the second half of last year. We are grateful that Jake and his team have come back to us in their new roles."

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