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/