Norton Rose Group advises Allied Gold Mining on its restructuring and triple listing

26 July 2011

Contacts

International legal practice Norton Rose Group has advised Allied Gold Mining PLC on its restructuring and listing on the main market of the London (LSE), Australian (ASX) and Toronto (TSX) stock exchanges. Allied Gold Mining PLC is an emerging Pacific Rim gold producer with two producing gold mines in Papua New Guinea and the Solomon Islands.

Norton Rose Group concluded an A$700 million ‘top hat’ restructure of Allied Gold Limited, which was formerly triple listed on the Australian Securities Exchange, the Alternative Investment Market in the United Kingdom and the Toronto Stock Exchange in Canada.

The transaction was implemented by scheme of arrangement and involved the redomicile of Allied Gold’s company operations to the United Kingdom, a move driven by its plans to explore fundraising opportunities in the European and North American markets.

After achieving shareholder approval, a newly incorporated UK holding company, Allied Gold Mining PLC, is now successfully listed and trading on the main market of the London Stock Exchange, the Toronto Stock Exchange and the Australian Securities Exchange.

The entire transaction, including the approval of the scheme of arrangement and the incorporation and triple listing of the UK holding company was completed by 30 June 2011, less than four months after Norton Rose Group was appointed as Allied Gold’s legal advisers for the transaction.

Raj Karia, corporate partner who led the London team, commented:

“This is a significant step in the development of Allied Gold Mining as a leading Pacific Rim gold producer. Having listings on three exchanges remains quite rare. Our market-leading expertise in infrastructure, mining and commodities and a team on the ground in all three listing locations was key to Norton Rose successfully achieving this for Allied Gold Mining.”

Andrew Rankin, corporate partner in the Brisbane team, commented:

“We were pleased to be able to assist Allied Gold Group with this complex transaction and to have it finalised within tight timeframes. We were able to provide seamless assistance to the client across a number of markets including Australia, England and Canada, along with US securities advice.”

Pierre Dagenais, corporate partner who led the Toronto team, commented:

“This transaction shows how we can advise our clients on new inbound international work to Canada as part of Norton Rose. And we can provide the same global expertise to Canadian clients as they do more and more business internationally. Serving our clients with this global reach was our vision when we became the first truly global legal practice in Canada.”

The Norton Rose Group team included individuals from the international practice’s UK, Australian and Canadian offices. The team was led in London by Raj Karia, with assistance from Emma Howes, Brian Butterwick, Christopher McCarthy, Charlotte Brown and Wei Tin Liew. US securities law advice was provided by Tom Vita, Omiyinka Doris and Alex Hirshfield. Tax advice was provided by Dominic Stuttaford and Andrew Roycroft, and Monique Fry advised on incentives.

Andrew Rankin, Craig Chapman and Christine Small led the team in Australia with assistance from Stewart Ebbott, Dawn Carey, Derek Neilson, Dale Gill, Graham Murphy, Claire Schneider and Krysten McCarthy.

Pierre Dagenais led the Toronto team, with assistance from Bruce Sheiner.

Allen & Overy acted for RBC Capital Markets, Allied Gold Mining’s sponsors.

For further information please contact:

Sarah Webster, Head of PR, Norton Rose LLP
Tel: +44 (0)20 7444 2596; Mob: +44 (0)7595 886 216
sarah.webster@nortonrose.com