On August 1, 2024, Steppe Gold Ltd., a leading Mongolia-based precious metals company listed on the Toronto Stock Exchange, (“Steppe”) announced the successful completion of its acquisition of Boroo Gold LLC, the largest gold-producing company in Mongolia (“Boroo Gold”). Through this strategic transaction, Steppe Gold has acquired all issued and outstanding shares of Boroo Gold from an indirect, wholly-owned subsidiary of Boroo Pte Ltd. As a result, Steppe Gold has become the largest primary gold producer in Mongolia, with a focus on the ATO Gold Mine and the Boroo Gold Mine.

Snow Hill Consultancy LLP acted as the local legal advisor to Steppe Gold, playing a crucial role in the successful completion of this acquisition.  Our legal team conducted comprehensive due diligence on Boroo Gold, ensuring all aspects were thoroughly reviewed in compliance with Mongolian law, and assisted Steppe in preparing corporate documents required for the registration of change in shareholders with the Legal Entities’ Registration Office of Mongolia. We also collaborated closely with Steppe Gold’s Canadian legal counsel, providing timely and critical input from a Mongolian legal perspective, in finalizing the definitive agreements.

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