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HopgoodGanim acts on US gold deal

Brisbane firm HopgoodGanim has advised gold exploration company Navaho Gold on its ASX listing and initial public offering (IPO) to raise $9 million.According to HopgoodGanim partner Michele…

user iconLawyers Weekly 14 April 2011 Big Law
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Brisbane firm HopgoodGanim has advised gold exploration company Navaho Gold on its ASX listing and initial public offering (IPO) to raise $9 million.

According to HopgoodGanim partner Michele Muscillo, who led the team advising on the transaction, the funds raised will be used by Navaho Gold for exploration of its gold and gold-silver projects in both Queensland and Nevada in the USA.

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"Nevada's mining tenure regime is substantially different to that of Queensland. Navaho Gold is focusing on its exploration activity over there, so as part of this transaction, we negotiated a number of agreements with parties in Nevada in relation to the properties that Navaho Gold has an interest in."

Prior to its IPO, Navaho Gold was a subsidiary of resource project investment company D'Aguilar Gold, a long-standing client of HopgoodGanim.

The IPO was fully underwritten by Bizzell Capital Partners.

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