HopgoodGanim Lawyers is pleased to have advised Xanadu Mines Limited (Xanadu) in relation to the agreed A$160 million takeover of Xanadu by Bastion Mining Pte Ltd.
The transaction involved an all-cash offer from Bastion Mining Pte Ltd on behalf of Boroo Pte Ltd, a privately controlled Singaporean entity, and Ganbayar Lkhagvasuren, an Executive Director on the Xanadu Board.
As an Australian company that was dual listed on ASX and TSX, and with multiple assets located across Mongolia, Xanadu’s acquisition by way of an off-market takeover bid required cross-jurisdictional advice on various legal and commercial matters, including securities law and corporate governance.
"We are proud to have assisted one of our valued and long-standing clients on this significant transaction. The successful outcome is a testament to the hard-work and dedication of the Xanadu team and we are delighted to have been involved in the process," said Luke Dawson, Partner in HopgoodGanim’s Corporate practice.
HopgoodGanim advised on all Australian legal aspects of the transaction, led by Luke Dawson, with support from Solicitors Declan Stack and Nick Lahey. Partner Michele Muscillo has served as a Non-Executive Director of Xanadu since 2017.
This transaction demonstrates HopgoodGanim’s expertise in delivering comprehensive legal and strategic solutions in complex, high-value corporate deals within the Energy, Renewables and Mining sector.