representative work

Zijin Mining to Acquire Continental Gold in a Friendly $1.4 Billion All-Cash Offer


On December 2, 2019, Zijin Mining Group Co., Ltd. and Continental Gold Inc. entered into a definitive agreement, pursuant to which Zijin has agreed to acquire all of the outstanding shares of Continental at a price of $5.50 per share in cash and all outstanding securities convertible into such common shares will also be acquired on the same basis. The total equity value pursuant to the transaction is approximately $1.4 billion on a fully diluted basis.

Cassels is acting for Continental with a deal team that includes Jay Goldman, Lindsay Clements, Paul Stein, Jeff Roy, Ali Naushahi, Stefanie Sebanc and Miriam El Ofir (Securities, M&A and Mining), Jennifer Wasylyk and Jenna Clark (Banking & Specialty Finance), Chris Norton (Tax), and Chris Hersh (Competition).