HopgoodGanim Lawyers is pleased to have advised Mako Gold Limited (ASX:MKG), an Australian based exploration company, on its proposed merger with Aurum Resources Limited (ASX:AUE).
Both companies have entered into a Bid Implementation Agreement (BIA) to effect the merger by way of an off-market takeover bid (Proposed Merger), under which Aurum will bid for 100% of the issued shares in Mako and 100% of two classes of unlisted options.
This Proposed Merger will create a stand-out emerging gold exploration and development business in West Africa and include over $20 million to advance the flagship Napié and Boundiali Projects in Côte d’Ivoire, as well as highlighting a significant step forward in advancing both Mako and Aurum’s growth strategy and expanding its portfolio of high-quality gold assets.
The HopgoodGanim team was led by Partner Luke Dawson and Senior Associate Rebecca Rutland who provided legal advice to facilitate the BIA, including assistance with due diligence, regulatory compliance and contract negotiation.
This Proposed Merger transaction is another exceptional outcome in our Energy, Renewables and Mining sector and we look forward in continuing our work in this space.