Mobile Menu
Deals & Transactions

Conyers Advises on Acquisition of ARX Resources Ltd (TSX:ARX-T)

Conyers acted for ARX Resources Ltd. on the sale of all of the issued and outstanding shares of ARX to Pasofino Gold Limited. Pursuant to the transaction, Pasofino issued an aggregate of 134,860,049 shares (the “Consideration Shares”) to the shareholders of ARX. The Consideration Shares issued to the Vendors will be subject to a two-year contractual lock-up, released in 25% instalments every six months. ARX is party to an earn-in agreement with Hummingbird Resources PLC in respect of the Dugbe Gold Project in Liberia.

ARX Resources is a leading conventional oil and gas company with a focused asset base in western Canada.

Partner Anton Goldstein and Counsel Nicholas Kuria of Conyers’ BVI office worked on the transaction alongside Fasken Martineau DuMoulin LLP.


Anton Goldstein

British Virgin Islands   +1 284 852 1119

Nicholas Kuria

British Virgin Islands   +1 284 852 1129


"I enjoy working with them - they are very dependable, reliable and responsive."
- Chambers Global