Thomson Geer has advised Odyssey Gold Limited (formerly Odyssey Energy Limited) (ASX:ODY) on a number of significant transactions as it positions itself to become a premier gold explorer in the Murchison Goldfields.
Odyssey Gold has recently successfully acquired two gold mining exploration assets.
Odyssey Gold has acquired the high grade Stakewell Gold Project in the Meekatharra-Cue region of Western Australia from Diversified Asset Holdings Pty Ltd.
Odyssey Gold’s second acquisition, directly adjacent to the Stakewell Gold Project, is the Tuckanarra Gold Project from Canadian listed gold producer, Monument Mining Limited (TSX-V:MMY).
The acquisition of the Tuckanarra Gold Project substantially increases Odyssey Gold’s footprint in the Meekatharra-Cue region. Both projects have high-grade gold targets and show great promise for future exploration success.
To fund the exploration and development of the gold projects, Odyssey Gold successfully completed a A$3.125m capital raising and has been readmitted to the ASX.
These transactions have been very significant for Odyssey Gold in order to establish itself as a gold explorer and to enable the Company to be readmitted to trading on ASX. As a result of these successful transactions, Odyssey Gold will be fully funded to begin extensive exploration plans across both projects.
Thomson Geer partner Michael Ng said, “it has been a pleasure working with Odyssey Gold as it positions itself to become a premier gold explorer”.
The Thomson Geer team consisted of partner Michael Bowen, partner Michael Ng, senior associate Christopher Seotis and lawyer Ryan Gava.