Thomson Geer advises on strategic acquisitions of key gold mining projects

The deals will allow a gold exploration firm to expand its foothold in the Meekatharra-Cue region

Thomson Geer advises on strategic acquisitions of key gold mining projects

Thomson Geer has advised gold exploration firm Odyssey Gold Limited on its strategic acquisitions of two mining exploration assets and successful capital raising, paving the way for the company’s readmission to the Australian Securities Exchange (ASX).

The deals saw Odyssey Gold acquire the Stakewell Gold Project in Western Australia’s Meekatharra-Cue region from Diversified Asset Holdings Pty Ltd and the adjacent Tuckanarra Gold Project from Toronto Stock Exchange (TSX) listed Monument Mining Limited.

The Tuckanarra acquisition was worth $5m, while value details of the Stakewell project were not disclosed.

The transactions expand Odyssey’s foothold in the Meekatharra-Cue region, which boasts outstanding exploration potential because of the area’s more than 25km of highly fertile banded iron formation and greenstones with extensive mining history.

To fund the exploration and development of the projects, Odyssey Gold successfully completed a $3.125m capital raising, leading to its relisting in the ASX.

Thomson Geer’s deal team consisted of partners Michael Bowen and Michael Ng, senior associate Christopher Seotis, and lawyer Ryan Gava.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Victorian premier to gain pandemic declaration powers under proposed bill

High Court sides with WA in $30bn legal battle against mining magnate

NRF Sydney partner elected International Insolvency Institute president

Solicitor seeks High Court’s favour over work-related psychiatric injury

UK High Court partially sides with Hogan Lovells in breach of duty tussle

Kalus Kenny Intelex focuses on people first, partner says

Most Read Articles

Clayton Utz elects Australian Takeovers Panel member to board

Mandatory vaccination a rising trend among employers, Piper Alderman reveals

Crawford Legal Services director: Treat people less like dispensable fee earners

Media companies liable for defamatory comments left by users on their Facebook pages: High Court