On September 6, 2016, China National Gold Group Corporation (“CNG”), through a wholly-owned subsidiary, completed its previously announced acquisition of Sino Mining Guizhou Pty Ltd, which holds an 82 percent interest in the Jinfeng Mine located in China, from Eldorado Gold Corporation (“ELD”) at US$300 million subject to certain post-closing adjustments.

CNG, which has been the minority partner at Jinfeng for over 14 years, is the leading gold company in China and the only central state-owned enterprise in China's gold industry under the direct supervision of State-owned Assets Supervision Administration Commission of the State Council.  It has two listed subsidiaries, China A-share listed Zhongjin Gold Company Limited (600489.SH) and China Gold International Resources Corporation Limited, which is dual-listed on the Hong Kong Stock Exchange (2099.HK) and Toronto Stock Exchange (TSX: CGG.CN).

DLA Piper (Canada) LLP has been acting as lead transaction counsel to CNG. The team is led by Weiguo (William) He (China Practice, Corporate and Mining), Don Collie (Mining and Securities), Brent MacLean (Securities Litigation), Peter Li (China Practice and Corporate), Catherine Pawluch (Investment Canada Act and Competition Act) and Chris Bennett (Intellectual Property).