Manhattan Corporation has signed an agreement to acquire all shares of Trans-Tasman Resources Limited (TTR) for A$36.4m ($29.13m).
Manhattan will issue 706 million ordinary shares and 706 performance shares priced at A$0.026 ($0.02) a unit, as part of the agreement.
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Based in Australia, Manhattan is engaged in the exploration and development of uranium, while TTR is a New Zealand-based company engaged in the exploration and recovery of iron deposits.
Manhattan has engaged Gilbert + Tobin (Australia) and Harmos Horton Lusk (New Zealand) as legal advisers for the transaction, while TTR has engaged Bell Gully as legal adviser and Gresham Advisory Partners as financial adviser.
Exploration company Leagold Mining has agreed to acquire the entire issued and outstanding shares of exploration and development company Brio Gold for $264m.
Each shareholder of Brio Gold will receive 0.922 of a share of Leagold, under the agreement.
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By GlobalDataBoth companies involved in the deal are based in Canada.
Leagold has engaged UBS Investment Bank as financial advisor and Fasken Martineau DuMoulin as legal advisor for the transaction.
