Thomson Geer has advised listed West Australian resources company, Musgrave Minerals Ltd (ASX:MGV), on its proposed acquisition by gold miner, Ramelius Resources Limited (ASX:RMS).

The cash and scrip takeover offer has been unanimously recommended to shareholders by Musgrave's board and values the company at around A$201 million.

Musgrave owns the Cue Gold Project in Western Australia, just 35km north of Ramelius' Mt Magnet gold mine and processing facility.

Under the offer, Musgrave shareholders will receive 1 Ramelius share and $0.04 for every 4.21 Musgrave shares they hold.

The Thomson Geer team was led by Partner Scott Gibson who said: "We're pleased to have advised Musgrave on this combination of congruent assets which will create value for shareholders of both companies."

Scott was supported by Partners Michael Ng and Sanushka Seomangal, Senior Associate Kylie Zih, Lawyers Ariane Moir and Steven Boughton and Law Graduate Imogen Farmer.

Thomson Geer also advised Musgrave on an earlier off-market takeover offer from Westgold Resources Limited (ASX:WGX), which was rejected by the Musgrave board.

The proposed acquisition of Musgrave by Ramelius is the latest consolidation in Australia's gold sector. Thomson Geer recently acted for Genesis Minerals Limited (ASX:GMD) in its acquisition of St Barbara Ltd's (ASX:SBM) Leonora gold assets.

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