International law firm Bird & Bird has advised long-standing client Ibaera Capital on the English law aspects of the sale of its Rogozna gold development project in Serbia to ASX-listed Strickland Metals.
Strickland has agreed to pay A$34.2m for the project, satisfied by the issue of Strickland shares, as well as granting options to Ibaera. Paul L’Herpiniere and Dr Jon Hronsky will join the board of Strickland on completion.
The Bird & Bird team was led by corporate partner, Michael Dawes.