QGold Pty Ltd made an offer to acquire 80.348612% stake in Carawine Resources Limited (ASX:CWX) for AUD 23 million on February 22, 2022. As of March 8, 2022 Carawine Resources Limited (ASX:CWX) board of directors disapproved the deal. As of April 26, 2022, the Carawine Resources Limited’s board of directors unanimously recommended the offer and the offer period extended till May 5, 2022. Steinepreis Paganin acted as legal advisor of Carawine Resources.