KWM and G+T Secure Roles in $5 Billion De Grey-Northern Star Deal

Northern Star Resources Ltd. is making moves! They’re all set to acquire De Grey Mining Limited for a cool $5 billion. If you’re wondering how this transaction is going down, get ready, because here are the juicy details.

The deal is going to happen through something called an “all-scrip scheme of arrangement.” Fancy name, right? Basically, it means Northern Star is going to grab up all of De Grey’s shares with court approval under the Corporations Act. And guess what? Northern Star won’t just be getting their hands on some regular old company. They’ll be taking over De Grey’s flagship Hemi Gold Project too.

After all is said and done, this new powerhouse gold mining company, based in WA, is going to be worth a whopping $24 billion. That’s a whole lot of gold!

According to the folks at King & Wood Mallesons (KWM) and Gilbert + Tobin (G+T), this massive acquisition is set to go down sometime between late April and early May 2025. KWM has been holding Northern Star’s hand throughout the whole process, helping with negotiations, legal agreements, and all that fun stuff. Their team, led by M&A partner Antonella Pacitti, has been working tirelessly to make this deal happen.

But KWM didn’t do it alone. They got some specialist advice in areas like mining, environment, finance, and plenty more. It takes a village, right?

Meanwhile, G+T, led by partner Sarah Turner, is right there in the mix too. Their team is primed and ready to tackle this project alongside KWM. Justin Mannolini, Janelle Sputore, and others are all part of the dream team bringing together this monumental deal.

And that’s a wrap! So there you have it—a juicy bit of financial news to start your day. Stay tuned for more updates as this acquisition unfolds!