Piper Alderman advises ASX-listed gold explorer on takeover offer

National law firm, Piper Alderman, is advising ASX-listed DGO Gold in relation to a $308 million takeover offer for all of the shares in DGO made by Gold Road Resources in a proposed all-scrip deal.

DGO Gold owns a portfolio of prospective exploration and mining assets including holdings in De Grey Mining Ltd, Dacian Gold Ltd, Yandal Resources Ltd and exploration tenements in the Pilbara, Yilgarn, Bryah and Stuart Shelf regions of Western Australia and South Australia.

DGO Gold Executive Chairman, Eduard Eshuys commented:

“I am proud of the high-quality portfolio of assets DGO Gold has accumulated. DGO has consistently traded at a discount to the value of its assets, and this offer not only recognises
and unlocks that value, but provides DGO shareholders with ongoing exposure to these assets and the Gold Road portfolio, as part of a more liquid investment in a cash flow generating ASX200 Gold producer.”

The Piper Alderman team led by Melbourne principal, Alasdair McLean with Senior Associate, James Hill and Associate, Andrew Cutler, is advising DGO Gold on all aspects of the transaction.

Piper Alderman has been advising DGO Gold for a number of years in respect of its fundraising and investment activities.

Full details are available in DGO Gold’s ASX Announcement.

Related media coverage

• Piper Alderman assists in takeover bid for DGO Gold – Australasian Lawyer, 18 April 2022
• DGO Gold advised on $308m takeover offer – Lawyers Weekly, 18 April 2022
• Gold Road Resources’ A$308 Million Takeover of DGO Gold – Global Legal Chronicle, 8 April 2022