Thomson Geer is advising ASX-listed gold company Chesser Resources Limited (ASX:CHZ) on its proposed acquisition by Canada-based global precious metals miner, Fortuna Silver Mines Inc., in an all-scrip deal valuing Chesser at A$89 million.
The proposed acquisition, to be implemented via a scheme of arrangement, would see Chesser shareholders receive 0.0248 Fortuna shares per Chesser share, representing an implied value of A$0.142 per Chesser share. Fortuna is listed on the Toronto Stock Exchange, the New York Stock Exchange and Frankfurt Stock Exchange.
The proposal represents a 95 per cent premium to Chesser's last share price before the transaction was announced.
Thomson Geer's work involved coordinating a cross-border team of advisers, including Canadian law firm Stikeman Elliott, and negotiating the full suite of transaction documents.
The Thomson Geer Team consists of Scott Gibson, David Church, David Smailes.