A team from the South Africa and Australia offices of international legal practice Norton Rose Group has advised Investec Bank Limited on a ZAR1.47 billion financing agreement for Gold One International’s acquisition of Rand Uranium.

Investec Bank Limited was advised by a strong team led by banking and finance director, Jackie Midlane at Norton Rose South Africa who advised on the debt finance for the deal assisted by head of mergers and acquisitions at Norton Rose Australia, Shaun Clyne, on the equity and derivatives agreement.

Jackie Midlane commented: “I am pleased that together with our Australian partners, our international expertise ensured that Investec Bank Limited experienced a seamless cross-border service between South Africa and Australia.”

This is the latest in a number of debt financing transactions of mining projects for the emerging markets, and is another indication of the appetite of leading banks for debt financings in the commodities and mining sectors.

The deal was led by Jackie Midlane, assisted by Cynthia Venter, Sarah Halford, Vuyo Guni, (all South Africa) and Shaun Clyne and Suzie Losanno (Australia).

For further information please contact:

Candice Collins, communications specialist, Norton Rose South Africa
Tel +27 11 685 8630; Mob: +27 79 892 9369
candice.collins@nortonrose.com

Ubuhle Zwane, communications assistant, Norton Rose South Africa
Tel: +27 11 685 8550; Mob: +27 78 292 1166
ubuhle.zwane@nortonrose.com

Sam Magnusson, head of communications, Norton Rose Australia
Tel: +61 (0)2 9330 8138; Mob: +61 (0)423 116 696
samantha.magnusson@nortonrose.com

Teneille Rennick, senior communications adviser, Norton Rose Australia
Tel: +61 2 9330 8926; Mob: +61 418 982 442
teneille.rennick@nortonrose.com

Notes:

Norton Rose Group is a leading international legal practice offering a full business law service to many of the world’s pre-eminent financial institutions and corporations from offices in Europe, Asia Pacific, Canada, Africa and the Middle East.

The Group’s lawyers share industry knowledge and sector expertise across borders to support clients anywhere in the world. The Group is strong in financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and pharmaceuticals and life sciences.

Norton Rose Group has more than 2600 lawyers operating from 39 offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brisbane, Brussels, Calgary, Canberra, Cape Town, Dubai, Durban, Frankfurt, Hamburg, Hong Kong, Johannesburg, London, Melbourne, Milan, Montréal, Moscow, Munich, Ottawa, Paris, Perth, Piraeus, Prague, Québec, Rome, Shanghai, Singapore, Sydney, Tokyo, Toronto and Warsaw; and from associate offices in Dar es Salaam, Ho Chi Minh City and Jakarta.

Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia, Norton Rose OR LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc), and their respective affiliates.