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Firms strike it rich on gold merger

Firms strike it rich on gold merger

A trio of firms have acted on a deal that will see the creation of an Australian gold company valued in excess of $1 billion.The merger of Western Australia's Catalpa Resources with Conquest…

A trio of firms have acted on a deal that will see the creation of an Australian gold company valued in excess of $1 billion.

The merger of Western Australia's Catalpa Resources with Conquest Mining has created one of Australia's largest gold producers.

Gilbert + Tobin acted for Conquest Mining, with corporate advisory partner Tony Bancroft leading the team.

"The deal was negotiated between various parties in a tight timeframe, and we are very pleased to be able to assist Conquest in achieving this outcome," he said.

Freehills acted for Catalpa Resources, while Allens Arthur Robinson acted for Newcrest Mining - the largest shareholders in the newly merged entity.

Inderpendent analyst Peter Strachan told the ABC that the new gold producer is likely to attract significant interest from overseas investors.

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