Global law firm Norton Rose Fulbright has advised Canadian mining company RNC Minerals on its $50 million acquisition of the Higginsville gold operations from Westgold Resources in Western Australia.
RNC has a 100 per cent interest in the producing Beta Hunt gold mine located in Western Australia where a significant high grade gold discovery “Fathers Day Vein” was recently made. The Norton Rose Fulbright team advised on RNC’s acquisition of the Beta Hunt gold mine in 2013. As its second acquisition in the region, the Higginsville gold operations is a strategic purchase for RNC Minerals that puts the company on track to deliver a fully integrated Beta Hunt – Higginsville operation.
The Norton Rose Fulbright team, led by Jeremy Wickens in the Melbourne office, advised on all Australian aspects of the Higginsville acquisition including assisting with sale negotiations and documentation, financing of the transaction, securing Foreign Investment Review Board (FIRB) approval and due diligence over all corporate, environment and planning, tenements, native title and material contracts.
Norton Rose Fulbright Corporate M&A partner, Jeremy Wickens, said:
“Having worked with RNC for many years, I’ve been tremendously excited about their success with Beta Hunt. The Fathers Day Vein, including one of the world’s largest existing gold nugget, is the sort of discovery that really lifts the spirits of the WA mining industry. It catches the attention and the imagination and shows there are big finds out there left to be discovered. RNC are now capitalising on that success through the Higginsville acquisition, a large-scale transaction that included the acquisition of a producing gold mine and a huge 197 mining/exploration tenement package.”
Jeremy was ably supported by graduate Ellen Laughton, as well as Brisbane-based partners Rebecca Hoare and Gavin Scott, special counsel Troy McKelvie, and Robert Murphy and associates Emily Davies and Ellen Vincent.
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