Gilbert + Tobin and Mallesons Stephen Jaques have helped secure the merger of equals with Evolution Mining Limited (formerly Catalpa Resources Limited) and Conquest Mining Limited, which was implemented yesterday (2 November).
The scheme of arrangement giving effect to the merger between Conquest Mining and Catalpa Resources was approved by the Federal Court on 17 October following overwhelming support from Conquest and Catalpa shareholders.
The scheme includes the concurrent purchase of Newcrest Mining Limited's interests in the Cracow and Mt Rawdon gold projects.
Mallesons acted on a fundraising to be conducted by the newly-merged mining entity Evolution Mining, with partners Geoff Rogers and Shannon Finch, who were supported by a Sydney-Perth team.
G + T represented Conquest with lead partner Tony Bancroft, who was supported by lawyer Alex Kauye and a number of other lawyers across the firm.
Evolution Mining has five wholly owned gold projects and a pro forma market capitalisation of more than $1 billion. Newcrest will be the largest shareholder in Evolution Mining, with a 38 per cent interest in the company.