The initial consideration, payable by Zenith on completion, will be settled through the issue of 6.7m new Zenith shares.
Partners Titus Edjua and Jan Mellmann attended the recent Africa Oil Week conference in Cape Town. They discussed our current work in Africa as well as the opportunities that Africa holds for a firm such as ours in the future.
This acquisition marks the debut of Sandfire’s global copper portfolio in the EMEA region.
The issue has enabled Coro to complete its investment in the Duyung PSC.
As part of the transaction, Coro will pay a total consideration of US$4.8m, comprising US$2.95min cash and US$1.85m in Coro shares, as well as contributing US$10.5m in partial funding for the 2019 drilling campaign for the Mako gas field.
We advised long-term client Chaarat Gold Holdings Limited on the acquisition and related financing of Kapan Mining and Processing CJSC, which owns a medium-sized polymetallic mine in the Republic of Armenia.
We are delighted to have assisted Billy + Margot on its acquisition of Benyfit Natural.
We are delighted to have advised Chaarat on this acquisition, which will turn Chaarat cashflow-generative in a single step and represents an important first step in their M&A strategy.
We advised long-term client Chaarat Gold Holdings Ltd on the successful closing of the US$17m first phase of an up to US$100m convertible debt placement with both new and existing investors.
We advised Wielton S.A. on its acquisition of the entire issued share capital of UK-headquartered semi-trailer manufacturer Lawrence David Limited.