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Mergers & Acquisitions

CIP practices a diligent, prudent, and meticulous approach, with full consideration of market conditions, in its Mergers and Acquisitions (M&A) services. CIP was awarded the Corporate Deal of the Year (FY 2011/12) at the Western Australian Capital Market Awards.

CIP’s approach and discipline have allowed our clients to capitalise on growth and value opportunities including:

2016 – Corporate advisor to North American coal producer, Westmoreland Coal Company (NASDAQ:WLB), on the sale of the Chinook metallurgical coal assets in Western Canada. Westmoreland engaged CIP to manage the asset sale process, including bid solicitation, negotiation and documentation. The company recently entered into a binding agreement with a private Australian group to purchase the Chinook assets for a total consideration of C$12 million.

2015 – Corporate advisor to Mount Magnet South NL (ASX:MUM) on the sale of the Kirkalocka Gold Project in Western Australia to Minjar Gold Pty Ltd for a deemed valuation of A$5.7 million. The sale was completed in November 2015.

2014 - Corporate advisor to the A$110m merger of ASX listed Mamba Minerals Ltd (ASX:MAB) with TSX Listed Champion Iron Mines (TSX:CHM) to create dual ASX and TSX Listed Champion Iron (ASX:CIA). Champion’s Fire Lake has a Feb 2013 prefeasibility for 9.3Mtpa over 20 years (9.8Mtpa in years 1-5) with a NPV of C$3.3b and operating costs of C$44/t. Fire Lake North has a 464Mt Reserve resulting in the merged company’s EV/Reserve of $0.18 per tonne being lower than all ASX iron ore developers and has access to available rail and port.

2013- Corporate advisor and deal originator of Ram Coal’s acquisition of the US$105m Ram River Coal project from Consol Energy. CIP invited Forbes & Manhattan to the deal and together successfully bid for the Ram River Coal property containing an in-situ metallurgical coal resource of 380mt and subsequently raised US$115 million from institutions to fund the acquisition, exploration and scoping study of the project.

2012 - CIP optioned the Snelgrove iron ore project with 33km of strike and vended it into Champion Iron (ASX:CIA). During our first exploratory drill season a significant hematite deposit was discovered with a 303m intersection on the first hole in that deposit. We believe that with common access rail and port the project has excellent potential, attracting investment from Michael O'Keeffe and Hilton Nathanson.

2012 - Corporate advisor to Oros Coal on the acquisition of the TVI Nordegg, Bighorn, Alexo Saunders, Ram River West, Haven Creek and Scurry South projects located in Alberta, Canada with a total historical resource of 564Mt.

2012 - Corporate advisor to Phalanx Coal on the acquisition of the Ram River East and Clearwater projects located in Alberta, Canada with significant surface coal potential.

2012 - Corporate advisor to Blairmore Coal on the acquisition of the Cat Mountain project located in Alberta, Canada with significant surface coal potential.

2011 - Corporate Advisor for Wah Nam International Holdings (now Brockman Mining Limited – HKEX: 0159) A$850 million acquisition of Brockman Resources (now a wholly owned subsidiary of Brockman Mining Limited).

2011 - CIP sourced two Canadian coal projects, the Crown Mountain and Dunlevy/Nexx Projects for Jameson Resources (ASX: JAL).

2011 - Corporate advisor to Mersey Coal on the acquisition of the Musreau Lake and Morley Hill projects located in British Columbia, Canada with significant surface coal.

2010 - Corporate advisor to Cannington Coal on the acquisition of the Hannington project located in Alberta, Canada with 133Mt of surface coal.

2008 - CIP optioned the Vista coal project for $18m and vended it into Coalspur Mines (ASX:CPL) (previously Xenolith). Vista now has 3.7Billion tonnes of JORC resources, a feasibility complete for 12Mtpa and its market capitalisation reached $1billion.

2007 - Corporate advisor and deal originator to the $50m reverse takeover of Decmil by Paladio. Decmil (ASX:DCG) has enjoyed significant growth and its market capitalisation reached $400m.

2006 - Corporate advisor and deal originator to Sundance Resources’ (ASX:SDL) acquisition of the Mbalam project. CIP sourced the deal and advised Sundance on the acquisition, subsequently raising more than $50m to fund the acquisition, exploration and studies of the project and its market capitalisation reached $1.8billion.