24 February 2010
DLA Nordic acts for IGE in diamond transaction
International Gold Exploration IGE AB (listed on the Oslo Stock Exchange) has entered into a sales and purchase agreement whereby IGE acquires all activities of PangeaDiamondFields plc (listed on AIM in London) through its subsidiary Efidium Ltd. Merging the two companies’ activities creates a significant diamond exploration and production company with resources spread across three Southern African countries. The consideration will be paid in approximately 495,000,000 new IGE shares or approximately 360,000,000 SEK. The combined company will be a significant diamond exploration and mining company in Africa with nine diamond projects in Angola, South Africa and the Democratic Republic of Congo. DLA Nordics team consisted of Mathias Berggren (responsible partner), Björn Sjöberg and Victoria Sörving.
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