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Odyssey Gold Limited makes several key transactions

National law firm, Thomson Geer, has advised Odyssey Gold Limited on two strategic acquisitions, a capital raising and an ASX readmission.

user iconEmma Musgrave 29 January 2021 Big Law
Odyssey Gold Limited makes several key transactions
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Firm: Thomson Geer (Odyssey Gold Limited)

Deal: Odyssey Gold Limited, formerly Odyssey Energy Limited, has been advised on its acquisition of two gold mining exploration assets: the Stakewell Gold Project in the Meekatharra-Cue region of Western Australia from Diversified Asset Holdings Pty Ltd and the Tuckanarra Gold Project from Canadian listed gold producer, Monument Mining Limited.

The group was also advised on a capital raising and relisting on the Australian Securities Exchange (ASX).

Value: The Tuckanarra acquisition was worth $5 million and the capital raising was worth $3.125 million. Value details of the Stakewell Gold Project have not been disclosed.

Area: M&A, corporate, finance.

Key players: The team advising Odyssey Gold Limited consisted of Thomson Geer partner Michael Bowen, partner Michael Ng, senior associate Christopher Seotis and lawyer Ryan Gava.

Deal significance: The transactions come as Odyssey Gold Limited looks to expand its footprint across the nation and establish itself as a gold explorer.

According to a statement from Thomson Geer, the acquisition of the Tuckanarra Gold Project “substantially increases Odyssey Gold’s footprint in the Meekatharra-Cue region”.

“Both projects have high-grade gold targets and show great promise for future exploration success,” the statement added.

Further, Thomson Geer partner Mr Ng noted: “It has been a pleasure working with Odyssey Gold as it positions itself to become a premier gold explorer”.

Emma Musgrave

Emma Musgrave

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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