China National Gold $300 million acquisition of Sino Mining Guizhou

Overview:

• China National Gold (CNG) has acquired Sino Mining Guizhou from Eldorado Gold (ELD) for $300 million.
• Sino Mining Guizhou holds an 82% stake in the Jinfeng Mine located in China. 
• CNG is the leading Chinese gold company and the only state-owned enterprise in China's gold industry under the direct supervision of State-owned Assets Supervision Administration Commission of the State Council. 
• CNG's two listed subsidiaries, China A-share listed Zhongjin Gold, and a Hong Kong and Toronto dual-listed China Gold International Resources.
• BMO Capital Markets and Cutfield Freeman & Co were financial advisors to Eldorado. GMP Securities acted as financial advisor to Eldorado's Board of Directors.
• DLA Piper (William Weiguo He, Don Collie, Brent MacLean, Peter Li, Catherine Pawluch, Chris Bennett) advised CNG.
• Fasken Martineau DuMoulin, Herbert Smith Freehills, Morrison & Foerster, and JunHe are acting as legal counsel to Eldorado.   
• Borden Ladner Gervais is acting as legal counsel to Eldorado’s Board of Directors.

Wai Yee Tsang - Asia Pacific Reporter