Eldorado Gold closes acquisition of Sino Gold, creating $7.7 billion market cap company
Client
Eldorado Gold Corporation
Date
December 15, 2009
On December 15, 2009, Eldorado Gold Corporation announced the closing of its acquisition of all of the outstanding securities of Sino Gold Mining Limited, not held by Eldorado, pursuant to a Scheme Implementation Deed dated August 26, 2009, as amended October 27, with Sino Gold, by way of schemes of arrangement under the laws of Australia.
Pursuant to the schemes, Eldorado, through its wholly owned subsidiary, Eldorado Pacific Pty Limited, acquired all of the outstanding ordinary shares of Sino Gold not held by Eldorado that, together with the Sino Gold shares already held by Eldorado, constitute 100% of the issued and outstanding Sino Gold Securities following the implementation of the transaction.
Following completion of the transaction, Eldorado's market capitalization is approximately $7.7 billion. Going forward, the combined entity is expected to be gold-focused and will have a significant presence in China and Turkey, including several mines in production, along with exposure in Greece and Brazil. Eldorado will continue to be headquartered in Vancouver, British Columbia.
Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and surrounding regions.
Eldorado was advised in this transaction by Josh Lewis, Lata Casciano and Amanda MacAdams of the Vancouver office of Fasken Martineau.
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