Mandalay Resources Corporation Completes the Sale of the Challacollo Silver-Gold Project in Chile to Aftermath Silver Limited

Goodmans LLP represented Mandalay Resources Corporation in connection with its sale of Minera Mandalay Challacollo Limitada (“MMC”), which currently owns the Challacollo silver-gold project located in Region I (Tarapaca) of Chile, to Aftermath Silver Ltd.

 Pursuant to the terms of the transaction, Aftermath purchased 100% of MMC in exchange for total consideration of C$8 million, in non-contingent consideration, plus a 3% net smelter returns royalty on production at Challacollo, capped at US$3 million.