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LG advises Kalahari minerals
December 19, 2011
International business law firm Lawrence Graham LLP ("LG") is acting for Kalahari Minerals plc ("Kalahari Minerals") in connection with a £632 million cash offer for the company's entire share capital by Taurus Mineral, a newly incorporated company formed at the direction CGNPC-Uranium Resources Co. Ltd and the China-Africa Development Fund, which was announced on 8 December.
LG has advised Kalahari Minerals since pre-IPO funding and its subsequent admission to the AIM market with a market capitalisation of £14.2 million in 2006. Kalahari Minerals' principal asset is its 42.5 per cent stake in Extract Resources Limited, which owns the fifth largest uranium deposit in the world.
LG's head of Middle East corporate, partner Tim Casben, led on the deal assisted by corporate associates Neil Calder and Ciara Howie. Tim said: "We are delighted to be representing Kalahari Minerals in this transaction which represents further evidence of the anticipated consolidation in the natural resources sector which is an area of focus for LG's corporate practice. We have acted for Kalahari since pre-IPO funding through to becoming one of the key players in the world uranium market."
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