Chifeng Jilong Gold’s Acquisition of Golden Star Resources
Goodmans LLP acted for Chifeng Jilong Gold Mining Co. Ltd. (SHSE: 600988) ("Chifeng") in connection with its acquisition of all of the issued and outstanding common shares of Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ("Golden Star" or the "Company"), for US$3.91 in cash (equivalent to approximately C$4.85 as of October 31, 2021) per share, which equated to a total Transaction value of approximately US$470 million on a fully-diluted, in-the-money basis.
Chifeng is an international gold mining company listed on the Shanghai Stock Exchange with a market capitalization of approximately US$3.7 billion. It operates five mining assets, including the world-class Sepon gold mine in Laos. In 2018, Chifeng acquired Sepon before undertaking significant capital expenditures to redevelop the gold processing facility in order to double its future gold production.
Expertise
Featured Work
-
Mergers and Acquisitions
Sale of CampBrain to Clubessential Subsidiary Vermont Systems
Goodmans LLP acted for CampBrain, a best-in-class SaaS solution for camp management and registration, in connection with its sale to Clubessential subsidiary Vermont Systems, the leading provider of… -
Mergers and Acquisitions
Classic Fire + Life Safety expands in Western Canada
Goodmans LLP advised Classic Fire + Life Safety, a McCain Capital Partners portfolio company, in its expansion into Western Canada through the acquisitions of Legacy Fire Protection, Photon Electric… -
Mergers and Acquisitions
PureFacts Acquires Xtiva to Bolster its Revenue Management Solutions
Goodmans LLP acted for PureFacts Financial Solutions Inc. in connection with acquiring Xtiva Financial Systems as part of the former’s growth strategy for its revenue management solutions… -
Mining
Hudbay Minerals to buy Copper Mountain Mining
Goodmans LLP is acting for Hudbay Minerals Inc. in its announcement to acquire all of the issued and outstanding common shares of Copper Mountain Mining Corp. for US$439 million, pursuant to a court… -
Mergers and Acquisitions
Keystone Capital acquires Pinchin Ltd.
Goodmans LLP acted for Keystone Capital Management L.P. (“Keystone”), an investment firm based in Chicago, in connection with its acquisition of Pinchin Ltd. (“Pinchin… -
Mergers and Acquisitions
Latécoère acquires Avcorp Industries Inc.
Goodmans LLP acted for Latécoère S.A, a Tier 1 partner of the world's largest aircraft manufacturers, in relation to the acquisition of Avcorp Industries Inc., a Canadian-domiciled company that builds…