Thomson Geer advises Warriedar Resources on acquisition by Capricorn Metals
Thomson Geer has advised ASX-listed Western Australia gold company, Warriedar Resources Limited, on its acquisition by fellow gold focused company, Capricorn Metals Ltd, in an all-scrip deal valuing Warriedar at around A$188 million.
The acquisition, by way of scheme of arrangement, will bring together Warriedar's flagship Golden Range Project and Capricorn's nearby Mt Gibson Gold Project. The transaction will also provide Warriedar shareholders with exposure to Capricorn's flagship Karlawinda project.
The Thomson Geer team was led by Partner Scott Gibson, who said: "Consolidation among gold miners and explorers is a theme currently playing out in Australia's resources sector. We are pleased to be playing a role enabling mergers and acquisitions that support the development of projects and returns for investors."
Scott was supported by Partner Michael Ng, Senior Associate Kajal Parmer, Associates Timothy Doukakis and Ariane Moir, and Law Graduate Eliza Parnell.
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