20 Oct 2010

Clayton Utz advises Kingsgate on agreed merger with Dominion

Sydney, 20 October 2010: Clayton Utz is advising ASX-listed Kingsgate Consolidated Limited on its agreed merger with Dominion Mining Limited, announced today.

Under the proposed Scheme of Arrangement, Kingsgate will acquire all of the shares in Dominion in exchange for 0.31 Kingsgate shares per Dominion share. The transaction values Dominion at approximately A$376 million.

The deal is a further example of the ongoing consolidatiion in the gold mining sector.

Clayton Utz is a leading adviser to participants in the gold mining sector in relation to M&A activity. Recently the firm advised long-standing client Barrick Gold Corporation on its takeover of Tusker Gold Limited, and is currently advising Anatolia Minerals Development Limited on its proposed merger with Avoca Resources Limited.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.