Apr 2024
Conyers has advised Turaco Gold Limited (ASX: TCG) (“Turaco”) on its acquisition of an initial 51% interest in Taurus Gold Afema Holdings Ltd, the 100% owner of Afema Gold SA which holds the Afema granted mining permit in southeast Côte d’Ivoire.
Turaco has issued 46.5 million shares which are escrowed for 12 months and made a US$1.5 million payment to Endeavour Canada Holdings, a subsidiary of Endeavour Mining Plc (“Endeavour”). As a result of the acquisition, Endeavour has become a roughly 7% shareholder in Turaco.
Counsel Nicholas Kuria of Conyers’ BVI office and Associate Oliver Cross of our London office advised on the transaction, working alongside Gilbert + Tobin, Perth.