Allens has advised Evolution Mining Limited on its entry into of a scheme implementation deed to acquire ASX-listed Carnaby Resources Limited by way of a scheme of arrangement.
The proposed transaction will incorporate Carnaby's Greater Duchess copper and gold project into Evolution's nearby Ernest Henry operations in Queensland, expanding Evolution's regional copper growth pipeline.
Allens has a longstanding relationship with Evolution, having acted for the company on all of its major acquisitions and divestments since the company was created.
'It has been great working with the Evolution team again on this transaction, which will enhance the company's already strong copper growth pipeline,' said partner Guy Alexander.
The transaction continues Allens' longstanding role advising leading mining and resources companies on complex strategic transactions.
