Synch legal advisor in Ragnar Metals Limited’s sale of its wholly owned subsidiary, Ragnar Metals Sweden AB.
The Australian mining company Ragnar Metals Ltd, listed on Australian Securities Exchange (ASX), has successfully completed the sale of its wholly owned Swedish subsidiary, Ragnar Metals Sweden AB, to BHP Metals Exploration Pty Ltd, an Australian subsidiary of the globally renowned BHP Group Limited.
Ragnar Metals owns several exploration permits relating to the Tullsta nickel project and the Gaddebo project in Sweden. The total purchase price amounted to AUD 9.8m, with a 1% net smelter return royalty and a right for BHP Metals Exploration Pty Ltd to buy out the royalty for an amount of AUD 10m.
Ragnar Metals Limited continues focusing on its portfolio of exploration assets in Sweden, including the lithium projects at Hälleberget and Bergom and rare earth element exploration projects at Gruvhagen and Olserum North.
Synch’s team consisted of Carl-Adam Drakenberg and Stefan Rakovic.
Synch is a law firm, focusing on digital business and technology. Synch is offering a flexible delivery model where digital services complement the firm’s advisory services, projects & transactional services as well as its managed services. Synch’s projects & transactions group is specialised in private and public M&A, venture capital investments, and financing, especially in relation to technology, including mining and exploration rights.