Acquisition of Tranomaro Mineral Development Corporation Ltd
darkmoon1968
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Pixabay
Madagascar
We advised an investing company on its acquisition of Tranomaro Mineral Development Corporation Ltd, a company with uranium assets in the south of Madagascar. We worked closely with the NOMAD and London Counsel and completed extensive due diligence, drafted all the mining permit transfer documentation, created the new (local) project vehicle, arranged share transfers between the parties and co-ordinated the closing of the transaction from the Malagasy perspective. We drafted and negotiated the key joint venture agreement with OMNIS, the party representing the Malagasy government and issued the corporate opinions required by AIM ahead of re-admission.