On November 21, 2016, Eldorado Gold Corporation (Eldorado) completed the sale of its respective interest in the White Mountain and Tanjianshan mines and the Eastern Dragon development project in China to an affiliate of Yintai Resources Co. Ltd. (Yintai) for US$600 million in cash, subject to certain closing and post-closing adjustments, pursuant to a share purchase agreement executed on May 16, 2016.
Eldorado is a Canada-based, low-cost gold producer with mining, development and exploration operations in Turkey, Greece, Romania and Brazil. Eldorado is listed on the Toronto and New York Stock Exchanges.
Yintai Resources Co. Ltd. is engaged primarily in non-ferrous metals mining and is publicly listed on the Shenzhen Stock Exchange.
Blake, Cassels & Graydon LLP acted as Canadian legal counsel to Yintai with a team that included Michael Laffin, Zaichi Hu, Robert Kwauk, Bruce Rose-Innes and Jackie Anderson. Jingtian & Gongcheng Law Firm acted as Chinese counsel to Yintai with a team that included Xiaofeng Cheng, Wenting Jiang, Chaohui Wang, Zhiwei Xu and Yingping Chen.
Eldorado’s legal team, led by Dawn Moss, included Fasken Martineau DuMoulin LLP (Josh Lewis, Lata Casciano and Barinder Sidhu) as Canadian counsel; Herbert Smith Freehills LLP (Tony Damian and Malika Chandrasegaran) as Australian counsel; Morrison & Foerster LLP (Paul McKenzie and King Lai) as Hong Kong counsel; and Jun He LLP (Audrey Chen and Henry Shi) as Chinese counsel. Borden Ladner Gervais LLP acted as legal counsel to Eldorado’s Special Committee led by Fred Pletcher and Julie Bogle.