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F&M Gold Resources Ltd. and Africa Finance Corp. to Acquire Bonikro Gold Mine from Newcrest Mining Ltd.

Published: 12/13/2017

Team: Cathy L. Mercer, Christopher B. Norton

On December 13, 2017, F&M Gold Resources Ltd. and Africa Finance Corp. agreed to purchase Newcrest Mining Ltd.’s 89.89% interest in the Bonikro gold mine for US$72 million in cash and a net smelter royalty worth US$9 million. The acquisition is expected to close in March 2018.

Cassels Brock is acting for F&M Gold with a deal team that includes Cathy Mercer and Eva Bellissimo (Securities, Mining and M&A) and Chris Norton (Tax).