3 - G-Resources
3 - G-Resources
3 - G-Resources
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Summary of Transaction<br />
Acquirer ► G-<strong>Resources</strong> (renamed from Smart Rich Energy Finance) (1051.HK)<br />
Seller ► OZ Minerals (OZ)<br />
Date<br />
Acquired Assets ► Martabe Gold-Silver Project, North Sumatra, Indonesia<br />
Consideration<br />
Expected Size of Equity<br />
Financing<br />
Sole Financial Advisor ► Morgan Stanley<br />
Step 1: CST completes acquisition from OZ Minerals (27 June 2009)<br />
CST (985.HK)<br />
Approximately<br />
US$ 220M Cash<br />
Maxter OZ Minerals<br />
OMM Shares<br />
► Agreement to acquire Martabe by CST from OZ was signed on 24 April 2009<br />
► Agreement to acquire Martabe by G-<strong>Resources</strong> from CST signed on 9 May 2009<br />
► Approximately US$ 220M by China Sci Tech<br />
► Additional US$ 10M (Paid by shares with a lock-up of 3 years)<br />
► Up to US$ 587M<br />
► Equity placing of up to 13Bn new shares at a minimum price of HK$ 0.35<br />
Agincourt <strong>Resources</strong><br />
(Singapore)<br />
Private Limited<br />
(“ARS”)<br />
PT Artha Nugraha<br />
Agung (“ANA”)<br />
95% 5%<br />
PT Agincourt <strong>Resources</strong> (“PTAR”)<br />
(“Martabe Project”)<br />
6<br />
Step 2: G-<strong>Resources</strong> completes acquisition from CST<br />
CST (985.HK)<br />
Maxter<br />
Maxter Shares<br />
Approximately<br />
US$ 220M Cash<br />
+<br />
US$ 10M<br />
consideration shares<br />
G- <strong>Resources</strong><br />
(1051.HK)
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