Starboard Asset backs Amapá Minerals in C$140 million IPO

Goodmans LLP acted for Starboard Asset Ltda. and its funds in connection with its initial investment in the predecessor to Amapá Minerals Holdings Inc., and as sponsor and promoter of Amapá Minerals’ initial public offering.

The offering by Amapá Minerals consisted of 127,272,728 common shares at a price of C$1.10 per share, for gross proceeds of C$140 million.

Starboard is a restructuring and private equity firm based in Brazil.

Amapá Minerals is a gold mining company with its principal asset being the Amapá Project which is situated within the prolific Guiana Shield in Northern Brazil.