Gilbert + Tobin is delighted to have advised Linden Gold Alliance Limited (Linden) on the reverse takeover of Linden by Brightstar Resources Limited (ASX:BTR) (Brightstar).

Linden is a public unlisted Western Australian gold producer, developer and explorer with existing mineral resources near Brightstar in the Laverton district. 

The transaction provides Linden shareholders with an opportunity to become shareholders in an enlarged mid-tier gold producer in the prolific Laverton-Menzies gold district, with a pro forma market capitalisation of approximately ~$75 million. The takeover will create an operating gold producer with a Mineral Resource of 1.45Moz at 1.6g/t Au.

Brightstar will also benefit from an enhanced board and management team, with Linden directors Ashley Fraser, Andrew Rich and Samuel Main all joining Brightstar as directors and/or executives. 

The takeover has been overwhelmingly supported by Linden’s shareholders, including St Barbara Ltd who will emerge as Brightstar’s largest shareholder post completion of the takeover and the simultaneous capital raising undertaken by Brightstar. 

G+T has been advising Linden for several years on a series of transactions, including the recent acquisition of Lord Byron Mining Pty Ltd.

The G+T team was led by partners Michael Blakiston and Simon Rear, supported by senior associate Callum Fleming and lawyers Shay Kiriakidis and Cassandra Lee. G+T also advised on the debt restructure which was led by Robert Trowbridge, with support from Katie McCracken.

Michael commented: “We are grateful for the trust Linden and its management team has placed in us over the years and we are delighted to have supported them through this transaction. The takeover marks the beginning of an exciting new chapter for the merged group.” 

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