King Street Capital Management

King Street Capital Management in its private placement in Denarius Silver Corp.

Client

King Street Capital Management

Value

$33.75 million

Service

Capital Markets

Date Closed

April 2021

Industry

Mining & Natural Resources

Lead Office

New York

 

On March 17, 2021 Denarius Silver Corp. completed a non-brokered private placement of subscription receipts for aggregate gross proceeds of $33,750,000. A portion of the proceeds from the financing were used to acquire a 100% indirect interest in the Rubia permit, covering the areas occupied by the former Lomero-Poyatos Concessions and the mine within them in southern Spain, in a transaction that closed on April 29, 2021. In connection with closing, King Street acquired a 0.5 net smelter return royalty on all minerals extracted from the Lomero-Poyatos Concessions.

Denarius Silver Corp. is a Canadian-listed public company engaged in the acquisition, exploration, development and eventual operation of mining projects in high-grade districts.

King Street Capital Management is a global investment management company based in New York City.

Osler, Hoskin & Harcourt advised King Street Capital, as principal investor, with a team consisting of Rob Lando and Patrick Sullivan (Corporate).