Facilitating strategic dealings between Good Importing International, Strike Resources and Miracle Iron Holdings

Pragma Lawyers recently acted for Good Importing International (GII) in its dealings with Strike Resources Limited (ASX:SRK) (Strike) and Miracle Iron Holdings (Miracle).

Strike, an Australian iron ore company, agreed to sell its Pilbara Paulsens East Iron Ore Project to Miracle for A$20.5million. Part of the sales proceeds were paid to GII to discharge its US$7.2million loan to Strike. In addition to other requirements under the sale agreement, GII agreed to terminate its marketing agency and offtake arrangements for Paulsens East and Strike’s Apurimac Iron Ore Project in Peru.

This transaction presented strategic benefits to all parties involved, and Pragma Lawyers is pleased to have advised GII in navigating the conditions under the sale agreement up until the successful conclusion of the transaction. The Pragma team comprised Aaron McDonald, Deborah Low and Flossy Mutasa.  

If you require advice or assistance in any business or commercial matters, please contact Aaron McDonald.