Mayer Brown advises Toro Gold on sale of share capital to Resolute Mining
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
Mayer Brown has advised Toro Gold Limited, the private gold producer, on the sale of its entire share capital to Resolute Mining Ltd for approximately US$300 million.
Resolute, the Australian-based gold miner, will acquire Toro for a consideration payable of US$130 million in cash and 142.5 million Resolute shares.
Toro's flagship asset, the low-cost, high-margin Mako gold mine located in eastern Senegal, will become Resolute's fourth mining facility.
The Mayer Brown team was led by Corporate & Securities partners Rob Hamill and Rebecca Bothamley and included: Corporate & Securities – senior associate Harriet Hainsworth, associates Priya Mistry, Katie Bunce and trainee solicitor Sarah Reder; and Employment & Benefits – Consultant Andrew Stanger.
Read the article online at: https://www.globalminingreview.com/finance-business/06082019/mayer-brown-advises-toro-gold-on-sale-of-share-capital-to-resolute-mining/
You might also like
Glencore Technology to install Albion Process at Rox Resources’ Youanmi Gold Project
Glencore Technology has announced the installation of its Albion Process oxidative leaching technology at Rox Resources’ Youanmi Gold Project in Western Australia.