EURO Ressources S.A. Completes Silver Stream Agreement With Orezone Gold Corporation
Goodmans LLP acted for EURO Ressources S.A. in its silver stream agreement with Orezone Gold Corporation, whereby Orezone sold 50% of the future silver production from the Bomboré Gold Mine for an upfront cash payment of US$7.15 million.
The silver stream agreement was part of the Project Financing Package by Orezone for the Bomboré Gold Mine construction that also consisted of: (i) ~US$95 million (CFA 52.5 billion) senior secured debt facility with Coris Bank International with annual interest rates of 8.0% and 9.0%, and (ii) US$35 million 8.5% convertible debentures issued to Resource Capital Fund VII L.P. and Beedie Investments Ltd.
Orezone Gold Corporation is a Canadian development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.
EURO Ressources S.A. is a French company focused on precious-metal royalties.
Expertise
Featured Work
-
Mining
Coeur Mining, Inc. to acquire New Gold Inc. for US$7 billion
Goodmans LLP is acting for Coeur Mining, Inc. in connection with its definitive agreement to acquire New Gold Inc. for US$7 billion pursuant to a court-approved plan of arrangement… -
Mining
Fresnillo to acquire Probe Gold in C$780 million all-cash transaction
Goodmans LLP acted for Fresnillo plc (“Fresnillo”) in connection with its entering into of a definitive arrangement agreement with Probe Gold Inc. (“Probe”), pursuant to which a wholly-owned… -
Mining
Newmont Corporation completes its non-core divestiture program
Goodmans LLP acted as primary counsel to Newmont Corporation in connection with various divestitures… -
Mining
Mandalay Resources Corporation and Alkane Resources complete merger
Goodmans LLP advised Mandalay Resources Corporation in connection with its merger of equals transaction with Alkane Resources Ltd., pursuant to which Alkane acquired all the issued and outstanding… -
Restructuring
Sherritt International Corporation completes CBCA Notes Exchange Transaction and Subsequent Exchange Transaction
Goodmans LLP acted for Sherritt International Corporation in connection with its CBCA Transaction and Subsequent Exchange Transaction… -
Mining
Paulson and NOVAGOLD RESOURCES INC. acquire Barrick Gold Corp.’s 50% stake in Donlin Gold LLC for US$1 billion
Goodmans LLP advised Paulson & Co Inc. in connection with a backstop financing commitment entered into as part of its agreement to jointly acquire with NOVAGOLD RESOURCES INC. a 50% interest in…