Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised LSE/JSE-listed Pan African Resources plc (Pan African Resources) on its proposed acquisition of 100% of the issued share capital in ASX-listed Emmerson Resources Ltd (Emmerson Resources) by way of a recommended court-approved scheme of arrangement.
Pan African is a precious metals producer incorporated in England and Wales, with its shares listed for trading on the Main Market of the London Stock Exchange and the Johannesburg Stock Exchange. Emmerson is Pan African's joint venture partner in the Tennant Creek mineral field, a district that is considered to have significant long-term potential in the Northern Territory.
Led by partner Russell Philip, and supported by partners Oliver Carrick, Cameron Blackwood, Ronan Boothman, Rebecca Field, Lara Hall, Jeremy Horwood, Peter Jarosek and Adam Stapledon, Corrs advised on all aspects of the transaction with support from the firm’s corporate, banking and finance, regulatory, tax, energy and natural resources, real estate and employment, labour and safety practices.
Commenting on the matter, Russell Philip said: “We are thrilled to advise Pan African Resources on this landmark acquisition and the consolidation of ownership of the Tennant Creek mineral field. The transaction also marks a meaningful step in Pan African’s growth strategy in the Australasian region, including its proposed foreign exempt listing on the ASX alongside its existing main market listings on the London Stock Exchange and the Johannesburg Stock Exchange. We are proud to support the company as it continues to expand its global footprint.
“The transaction reinforces Corrs’ market-leading reputation for delivering trusted advice on complex cross-border transactions in the resources sector.”