Northern Star and De Grey have signed a binding Scheme Implementation Deed, proposing that Northern Star will acquire 100% of De Grey through an all-scrip Court-approved scheme of arrangement.
Upon implementation, the transaction will create a $24 billion (based on the share price on 2 December 2024) WA gold mining giant, with Northern Star acquiring De Grey and its flagship project, Hemi, a globally unique gold development in the Pilbara region of Western Australia.
Sarah Turner, Corporate Advisory Partner who led the deal said, “This pivotal transaction, involving one of the largest undeveloped gold projects in a Tier-1 mining jurisdiction, will allow De Grey shareholders the opportunity to become shareholders in an ASX 50 gold producer”.
The corporate advisory team included Partners, Sarah Turner and Justin Mannolini, Senior Associate Janelle Sputore, Lawyers Sarah Urquhart and Adam Sibum and Graduate Rachael Griffiths-Szeto.
