$625.0 million

Acquistion of St Barbara’s Leonora Assets

Congratulations to Genesis Minerals Limited (ASX: GMD) on receiving overwhelming shareholder approval for its acquisition of St Barbara Limited’s Leonora assets for A$625m cash. Shareholder approval marks the satisfaction of all CPs, and the Transaction is anticipated to complete on 30 June 2023.

To fund the Transaction, Genesis Minerals successfully completed a A$470m Placement, which was cornerstoned by AustralianSuper and Resource Capital Funds VII L.P., and supported by a number of high-quality institutional shareholders.

The Transaction will pair the Gwalia mine and processing plant with Genesis’ neighbouring Ulysees project to create the leading Leonora gold producer.

Sternship Advisers is pleased to have acted as financial adviser to Genesis on the Transaction and Placement. Thomson Geer acted as legal adviser.

Financial Adviser