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Thomson Geer advises gold miner Genesis on merger, capital raising to form leading Australian gold company

June 7, 2022

Thomson Geer is pleased to be advising gold company Genesis Minerals Ltd (ASX:GMD) on its merger with mining neighbour St Barbara Ltd (ASX:SBM) to form a leading Australian gold company to be called Hoover House.

The new company will bring together the assets and operations of both companies that are located in the Leonora District goldfields of Western Australia. The merger will be effected via a scheme of arrangement under which St Barbara will acquire 100% of the shares in Genesis.

Thomson Geer also assisted Genesis with its concurrent A$275 million conditional capital raising, which is being cornerstoned by Australian superannuation fund AustralianSuper and Resource Capital Funds VII LP.

The Thomson Geer team is led by Partners Michael Ng and Scott Gibson, and includes Associate Wydren Png and Lawyer Sarah Urquhart. They are supported by Special Counsel Cameron Bill, Senior Associate Chris Seotis and Partner Jae Lemin.

“We are pleased to be able to assist Genesis with its merger and capital raising to create, with St Barbara, a new leading Australian gold mining company,” Michael said.

Thomson Geer advised Genesis on all legal aspects of the merger transaction and capital raising.

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