China Gold International Resources Corp. Ltd. Completes Aggregate US$1B Global Offering and Mineral Property Acquisition, Combined with Listing on the HKSE
|Areas||Asia Practice, Corporate Finance and Securities, Mining and Natural Resources, Tax|
Goodmans represented China Gold International Resources Corp. Ltd. ("China Gold"), a British Columbia company listed on the Toronto Stock Exchange, in connection with the completion of a multi-stage transaction consisting of a US$309 million public offering of common shares, a listing of its common shares on the Hong Kong Stock Exchange and a US$742.3 million acquisition of Skyland Mining Limited, a private company who owns the Jiama polymetallic mining property in Tibet from China National Gold Group Hong Kong Limited, a wholly owned subsidiary of China National Gold Group Corporation, the Company’s largest shareholder, and Rapid Result Investments Limited. The global offering was underwritten by a syndicate led by Citigroup Global Markets Asia Inc., with Bank of China International acting as joint book runner and joint lead manager.
China Gold International Resources Corp Ltd is a TSX listed mining company that is focused on gold production and acquisitions. China National Gold, the largest gold producer in China, is a state-owned enterprise, 100% held by the State Investment Commission of the State Council of China. China National Gold’s business covers exploration, mining, engineering, construction, gold smelting, refining, processing, and gold sales.