Charles Russell Speechlys advises TSX Venture Exchange listed mining company Hunt Mining Corp. on its recommended offer for AIM listed Patagonia Gold plc
Charles Russell Speechlys advised TSX Venture Exchange listed mining company Hunt Mining Corp. on its recommended offer for AIM listed Patagonia Gold plc, by way of a court approved Scheme of Arrangement. The offer was a share for share exchange offer pursuant to which Patagonia Gold shareholders received approximately 10.76 new Hunt shares in exchange for each Patagonia Gold share held.
Following the acquisition, which was a reverse takeover under the rules of the TSX Venture Exchange, Patagonia shareholders hold 80% and Hunt shareholders hold 20% of the enlarged group. Hunt Mining Corp. has since been renamed Patagonia Gold Corp. and resumed trading on the TSX Venture Exchange.
Farris LLP advised Hunt Mining Corp. and Cassels Brock & Blackwell LLP advised Patagonia Gold plc on Canadian law and each of Strand Hanson Limited, Stephenson Harwood LLP and Andrew Thornton of Eskine Chambers acted for Patagonia Gold as Financial Adviser, UK solicitors and UK counsel respectively.
Corporate Partner Paul Arathoon said: “We are delighted to have assisted Hunt Mining Corp. on its acquisition of Patagonia Gold plc. We look forward to watching Patagonia Gold Corp. develop as a TSX-V listed company”.
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