Evrim Resources Corp.

Evrim Resources Corp. in its strategic investment from Newmont Mining Corporation

Client

Evrim Resources Corp.

Value

$7.3 million

Service

Mergers and Acquisitions

Date Closed

August 2018

Industry

Mining

Lead Office

Vancouver


 

On August 31, 2018, Evrim Resources Corp. announced the closing of its private placement with Newmont Canada Corporation, a wholly owned subsidiary of Newmont Mining Corporation. Newmont has agreed to purchase 4,848,401 shares of Evrim at a price of $1.50 per share for gross proceeds of $7.3 million. The parties entered into an investment agreement pursuant to which Newmont will have certain investor rights, including pre-emptive rights and a right of first offer on Evrim’s Cuale high sulphidation epithermal gold project in Jalisco, Mexico. 

The proceeds from this private placement will provide funding for the Cuale and for general corporate purposes.

Newmont is a mining company that acquires, explores, and develops mineral properties and is one of the world’s leading gold producers.

Evrim is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. Evrim's projects are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing Evrim’s exploration expertise and existing projects.

Osler, Hoskin & Harcourt LLP represented Evrim with a team consisting of Alan Hutchison, Patrick Sullivan, Jie Chai, and Nicole Ladeur (Corporate).


Team
Alan Hutchison - Mining lawyer
Key Contact

Alan Hutchison

Partner, Corporate

Patrick has a broad corporate practice with an emphasis in securities, mining and corporate gover..

Patrick Sullivan

Associate, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Nicole Ladeur

Nicole Ladeur

Securities Paralegal, Corporate