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DGO Gold advised on $308m takeover offer

ASX-listed DGO Gold is being advised by Piper Alderman on a takeover offer for all of the shares in DGO made by Gold Road Resources in a proposed all-scrip deal.

user iconJerome Doraisamy 19 April 2022 Big Law
ASX
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Firm: Piper Alderman (DGO Gold); Corrs Chambers Westgarth (Gold Road Resources)

Deal: Gold Road Resources is looking to take over all of the shares in DGO in a proposed all-scrip deal. DGO Gold’s portfolio of prospective exploration and mining assets includes holdings in De Grey Mining, Dacian Gold, Yandal Resources, and exploration tenements in the Pilbara, Yilgarn, Bryah and Stuart Shelf regions of Western Australia and South Australia.

Area: Corporate, M&A, energy and resources

Value: $308 million

Key players: The Piper Alderman team consisted of principal Alasdair McLean, senior associate James Hill and associate Andrew Cutler.

Deal significance: Speaking about the deal, DGO Gold executive chairman Eduard Eshuys said: “I am proud of the high-quality portfolio of assets DGO Gold has accumulated.

“DGO has consistently traded at a discount to the value of its assets, and this offer not only recognises and unlocks that value, but provides DGO shareholders with ongoing exposure to these assets and the Gold Road portfolio, as part of a more liquid investment in a cash flow generating ASX200 Gold producer.”

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Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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