Carey Olsen Assists Bushveld In Launch And Acquisition

Carey Olsen's Guernsey corporate team has advised AIM-listed mineral project developer Bushveld Minerals Limited (Bushveld) on two transactions which are highly significant for its development.

This includes the launch of a new listed company, AfriTin Mining Limited (AfriTin).

Most recently, Carey Olsen advised longstanding client Bushveld on its acquisition of 55% of Bushveld Vametco Limited (Vametco) from Yellow Dragon Holdings Limited. The $12.3 million acquisition, completed on 21 December 2017, gives Bushveld ownership of 100% of the issued share capital of Vametco – a significant player in the global vanadium market.

Under the AIM Rules for Companies the deal constituted a reverse takeover, with the terms of the acquisition requiring shareholder approval and the re-admission of Bushveld to AIM.