Key advisors appointed by Golden West

Golden West has appointed several key advisors to assist the company progress....

  Golden West has appointed several key advisors to assist the company progress its Wiluna West iron ore project in Western Australia and to respond to the unsolicited takeover offer announced by Fairstar Resources Ltd.Azure Capital has been appointed as corporate finance advisor to the company. Azure is a Perth based boutique merchant bank providing specialist corporate and financial advisory services to the resources industry. In the role of corporate financial advisor, Azure will assist Golden West to define an optimal funding strategy for the Wiluna West project including identification of preferred debt and equity finance options and assessment of the possible introduction of a strategic partner to the project. In this capacity, Azure will also take the lead role in advising the Board of Golden West Resources in responding to the unsolicited takeover offer from Fairstar Resources.Upon receipt of the formal Bidder’s statement, the Board of Golden West Resources intends to make response to the bid from Fairstar.PricewaterhouseCoopers has been appointed in the role of Independent Expert to advise the Board of Golden West Resources on valuation issues relating to the takeover offer. Pullinger Readhead Lucas has been appointed to the role of Legal Advisor.