Gold Fields Acquires Joint Venture Interest in the Asanko Gold Mine for US$185 Million

On July 31, 2018, Gold Fields Limited (“Gold Fields”) completed the acquisition of a 50% joint venture interest in Asanko Gold Inc.’s 90% interest in the Asanko Gold Mine and its associated properties in Ghana, West Africa for aggregate cash and deferred compensation of US$185 million. The proceeds of the disposition were used to repay outstanding secured debt. Fasken acted for Gold Fields with a team led by Brian Graves and which included Michael Bourassa, Myroslav Chwaluk, Chris Steeves (Tax), Tom Peters and Matt Downer.