31/01/2024
We're pleased to have helped with the £142m recommended cash acquisition of AIM-listed Shanta Gold, a mining company registered in Guernsey with a focus on East African operations, by Tanzania-based group Saturn Resources, which is part of ETC Holdings.
In a statement, Shanta Gold said: “This is an all-cash offer at a premium to the current price when the gold price is close to an all-time high. As such it provides an exit opportunity in cash for all shareholders, taking into account the current gold price as well as the operational and other risks inherent in the business.”
The cash acqusition was effected via a Scheme of Arrangement. Our thanks to our wonderful clients at Addleshaw Goddard, Memery Crystal and Liberum Capital for the opportunity to work on this transformational deal.
Other recent news
31/03/2025
Power rangers: helping Elia Group with its €1.35bn Rights Offeri…
26/03/2025
Mastering the IPO journey: join the LSE's webinar on Thursday 17…
18/03/2025
B&C assists Britsh Columbia's £1bn bid for BBGI Global Infastruc…
06/03/2025