St Barbara Ltd.’s Acquisition Of Atlantic Gold Corporation


Paul, Weiss represented Vancouver-based gold mining company Atlantic Gold Corporation in its Cdn$722 million acquisition by St Barbara Ltd., a gold mining company based in Australia.

Under the terms of the transaction, Atlantic and its associated entities will become part of St Barbara’s corporate structure. Atlantic shareholders will receive Cdn$2.90 in cash per Atlantic share, plus shares in a company that holds Atlantic’s interests in Velocity Minerals Ltd., which will be distributed to Atlantic shareholders on a pro-rata basis following completion of the transaction.

The Paul, Weiss team includes corporate partner Christopher Cummings (Picture); and tax partner David Mayo.

Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Atlantic Gold Corporation;