Global law firm K&L Gates has acted for B2Gold Corp (B2Gold) in a merger by scheme arrangement with Papillon Resources Limited (Papillon). The two companies have entered into a definitive Merger Implementation Agreement, with the completion of the merger expected by the end of September 2014. The terms of the merger include an agreed exchange ratio of 0.661 B2Gold common share for each Papillon ordinary share held.
B2Gold Corp is a Vancouver-based gold producer with three operating mines and has a strong portfolio of development and exploration assets in Namibia, Nicaragua, Burkina Faso, and Colombia.
Papillon is an ASX-listed gold development company focused on Mali, West Africa, with significant ongoing resource growth potential.
The K&L Gates team advising B2Gold was led by Perth resources partner Simon Salter, senior associate Riley Kemp, and lawyer Philip Murray, who were assisted by Sydney tax partner Betsy-Ann Howe, as well as Melbourne employment partner Kathy Dalton and special counsel Michaela Moloney.
Salter commented: “Drawing on our firm’s extensive cross-border and multi-disciplinary capabilities, this transaction also builds on our previous experience advising CGA Mining in their successful combination with B2Gold in 2013.”
