The complex transaction involves an inter-conditional purchase of strategic assets from Newcrest Mining Limited and a post implementation $150 million entitlement offer. The transaction will result in the creation of a leading growth-focused Australian gold company with a pro-forma market capitalisation in excess of $1.1 billion.
Gilbert + Tobin has advised Conquest on all legal aspects of the transaction, including conducting a due diligence process and negotiating a suite of transaction documents.
Corporate Advisory Partner, Tony Bancroft, is leading the Gilbert + Tobin team advising Conquest on the transaction, supported by David Clee and Alex Kauye.
Commenting on the transaction, Mr Bancroft said, “We are delighted to be advising Conquest on what is a significant transaction for the gold mining industry. The deal was negotiated between various parties in a tight timeframe, and we are very pleased to have been able to assist Conquest in achieving this outcome.”
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 on the Arrow Energy Limited sale and demerger ($3.5 billion), the takeover of Sphere Minerals Limited by Xstrata ($514 million) and Sphere’s proposed rights issue ($128.5 million), the takeover of Riversdale Mining Limited by Rio Tinto ($4 billion) and the sale by Shell Energy Holdings Australia Limited, a subsidiary of Royal Dutch Shell plc, of part of its stake in Woodside Petroleum Limited ($3.3 billion).
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