Atlantic Gold Corporation to Be Acquired by St Barbara Ltd.

Paul, Weiss is representing Vancouver-based gold mining company Atlantic Gold Corporation in its Cdn$722 million acquisition by St Barbara Ltd., a gold mining company based in Australia. Under the terms of the transaction, Atlantic and its associated entities will become part of St Barbara’s corporate structure. Atlantic shareholders will receive Cdn$2.90 in cash per Atlantic share, plus shares in a company that holds Atlantic's interests in Velocity Minerals Ltd., which will be distributed to Atlantic shareholders on a pro-rata basis following completion of the transaction.

The Paul, Weiss team includes corporate partner Christopher Cummings; and tax partner David Mayo.