East Star Resources’ Reverse Takeover of Discovery Ventures Kazakhstan

In UK Hill Dickinson, advised on the matter.

Hill Dickinson advised East Star Resources with a team including Jack Delaney (Picture – Corporate M&A).

East Star Resources plc (LSE: Main Market) made a  reverse takeover of Discovery Ventures Kazakhstan Ltd and fundraising of £3.1 million by way of an oversubscribed placing and subscription (RTO).

DVK is a mining exploration company formed with the purpose of identifying and developing gold and base metal projects in Kazakhstan. The company is party to a joint venture and operatorship agreements with the Kazakh national mining company Tau-Ken Samruk, with whom it will jointly undertake exploration activities in mineral the Chu-Ili Belt and Rudny Altai Belt mineral districts.

East Star successfully completed its successful RTO on 10 January 2022, following the approval of shareholders at a general meeting convened on 5 January 2022.

East Star was advised on the deal by Hill Dickinson legal director Jack Delaney (Picture – Corporate), alongside associates Isabella Spencer-Higgins (Corporate) and Laura Marginson (Employment), trainee solicitor Amelia Chung (Corporate) and paralegal Mariam El Mir (Corporate).

Involved fees earner: Jack Delaney – Hill Dickinson; Laura Marginson – Hill Dickinson; Isabella Spencer-Higgins – Hill Dickinson;

Law Firms: Hill Dickinson;

Clients: East Star Resources;

Author: Giulia Di Palma