Ashurst has advised Asian Mineral Resources Limited (AMR) on its scheme of arrangement with Kasbah Resources Limited (KAS), worth approximately A$27 million.

KAS and AMR have entered into a Scheme Implementation Agreement pursuant to which KAS will acquire all of the issued capital of KAS under to a scheme of arrangement pursuant to Part 5.1 of the Corporations Act 2001 (Cth). The expected completion date will be in November 2016.

The Ashurst team was led by partner Murray Wheater, who was assisted by senior associate Genovieve Lajeunesse, with lawyers Lauren Kapp and Allison Clark (Corporate); senior associate Keith Loke and Angela Chen (Banking); partner Jennie Mansfield (Employment) and senior associate Marcus Ryan (Tax).