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.
Expertise
Featured Work
-
Mining
Coeur Mining, Inc. acquires New Gold Inc. for US$7 billion
Goodmans LLP acted for Coeur Mining, Inc. in connection with its acquisition of New Gold Inc. for US$7 billion… -
Capital Markets
Century Lithium completes private placement
Goodmans LLP advised Century Lithium Corp. in connection with the closing of a C$7 million listed issuer financing exemption offering (the “Life Offering”) of its 14,893,616 units… -
Mining
Hudbay Minerals to acquire Arizona Sonoran for US$1.48 billion
Goodmans LLP is advising Hudbay Minerals Inc. in connection with its definitive agreement to acquire Arizona Sonoran Copper Company Inc. (“ASCU”) for US$1.48 billion in an all-share transaction… -
Mining
Gold Candle acquires Fokus Mining
Goodmans LLP advised Gold Candle Ltd. in connection with acquiring all of the issued and outstanding common shares in the capital of Fokus Mining Corporation by way of a plan of arrangement in an… -
Capital Markets
Paulson & Co. completes US$40 million private placement for International Tower Hill Mines Ltd.
Goodmans LLP advised Paulson & Co. in connection with the US$40 million private placement of common shares by International Tower Hill Mines Ltd. (“ITH… -
Mining
Fresnillo acquires Probe Gold in C$770 million all-cash transaction
Goodmans LLP acted for Fresnillo plc (“Fresnillo”) in connection with its acquisition of Probe Gold Inc. (“Probe”), pursuant to which a wholly-owned subsidiary of Fresnillo acquired 100% of the issued…