Watson Farley & Williams (WFW) has advised the UK’s Wishbone Gold, an AIM-listed company on its acquisition of Precious Metals International (PMI) and its wholly-owned subsidiary Black Sand FZE, a licensed gold, precious metals and gem trading operator in the United Arab Emirates.

As per the all share transaction, Wishbone Gold, a gold exploration and acquisition company, will acquire Black Sand which has agreements for importing gold from Colombia and Honduras with a pipeline of other supply deals from other parts of South America.

A corporate team led by WFW’s Dubai partner Suhail Mirza advised Wishbone Gold on the acquisition.