Mandalay Resources Corporation and Alkane Resources complete merger

Goodmans LLP advised Mandalay Resources Corporation in connection with its merger of equals transaction with Alkane Resources Ltd., pursuant to which Alkane acquired all the issued and outstanding common shares of Mandalay. 

The combined company will continue operating as “Alkane Resources Limited” and will remain listed on the ASX and headquartered in Perth. This transformative transaction is expected to create a dual ASX and TSX listed gold and antimony producer operating in premier jurisdictions. 

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine).

Alkane Resources is an Australian gold exploration and production company.