BLP advises Canaccord Adams on recommended cash offer by Gold Fields for Glencar Mining

Berwin Leighton Paisner (BLP) is advising Canaccord Adams in its capacity as financial adviser to Gold Fields Metals BV (“Gold Fields”) on the recommended cash offer for the entire issued and to be issued share capital of Glencar Mining plc (“Glencar”).  The offer values the entire issued and to be issued share capital of Glencar at approximately £28.1m.

Gold Fields is a wholly owned subsidiary of Gold Fields Limited, one of the world’s largest unhedged producers of gold. Glencar is a Dublin-based exploration company with a focus on exploration and development of gold deposits in Africa.

Corporate finance partner Alex Latner is leading the BLP team assisted by corporate finance senior associate, Amerjit Kalirai.

Commenting on the transaction, Alex Latner said: “We are seeing increased consolidation amongst companies in the industry. In the last two months alone, we have advised Canaccord Adams on the partial offer for KazakhGold by Polyus Gold as well as Gold Fields’ offer for Glencar.”

If you require further information, please contact our press office at press@blplaw.com.

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