Gilbert + Tobin is advising the Zhongrun Group on it’s acquisition of a 42 percent stake in the share capital of Noble Mineral Resources Ltd (Noble) for the value of A$85 million.
As part of the transaction, the Zhongrun Group will be granted options in Noble which, if exercised, would see the Zhongrun Group invest a further A$55.4 million in Noble and would result in the group owning 51.6% of Noble’s share capital.
The Zhongrun Group, a major non-government Chinese mining and investment group will become Noble’s largest shareholder on completion of the transaction.
Corporate Advisory partner Marcello Cardaci is leading the team and is assisted by lawyer Eugene Tse.
This transaction highlights the firm’s continued success in securing major instructions in the resources sector. Other recent examples include Gilbert + Tobin’s key roles acting for Silver Lake Resources Limited on its acquisition of Integra Mining Limited, Aurora Oil & Gas Limited’s US$165 million bond offer and its takeover of Eureka Energy Limited, and Scandinavian Resources Limited’s takeover bid from Hannans Reward Limited.
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