Belgrade's MPartners Legal, working with Perth's Steinepreis Paganin and Bird & Bird in London, has advised Ibaera Capital Fund subsidiary ISIHC on the sale of the Rogozna Gold Project in Serbia to Strickland Metals Limited for a consideration of AUD 34.2 million in shares.
According to Steinepreis Paganin, the Rogozna Gold Project is located in southern Serbia and contains a JORC-compliant inferred mineral resource totaling 5.44 million ounces gold equivalent.
Strickland has agreed to issue approximately AUD 34.2 million worth of Strickland shares as consideration for the acquisition, which remains subject to the approval of Strickland’s shareholders.
The MPartners Legal team included Managing Partner Mihajlo Matkovic.
