HopgoodGanim advises JAB Resources on Canadian merger

28 March 2011

HopgoodGanim has advised mineral exploration company JAB Resources on its merger with TSX-V listed Golden Touch Resources Corp.

As a result of the merger, all the issued securities of JAB have been acquired by Golden Touch, with shares and warrants in Golden Touch worth approximately $15 million issued to former JAB security holders in exchange.

Partner Brian Moller, who led the team at HopgoodGanim advising on the transaction, said that Golden Touch acquired JAB's shares using schemes of arrangement under Australian law.

"As part of the merger, over 8 million Golden Touch shares were issued to JAB security holders in a number of countries around the world.

"Because this transaction took place across international borders, the team advising on the transaction needed a comprehensive understanding of the different legislation and guidelines covering each jurisdiction."

The HopgoodGanim team advising on the transaction included Canadian Joshua Doig, who joined the firm in October 2010 as a Law Clerk (Overseas Qualified) to work with clients of the firm who are undertaking projects in Canada, and with Canadian companies.

JAB's principal asset is a portfolio of exploration concessions in Northern Albania totally approximately 140 km2.

Esther Cohen, Senior Communications Advisor
Tel: 07 3024 0192