DLA Piper Advised Sprott Natural Resource Investment Partners On Investment In Robex Resources’ Kiniero Project
This is billed as among the largest project financing of a gold asset in the Republic of Guinea in recent years.
DLA Piper Advised Sprott Natural Resource Investment Partners On Investment In Robex Resources’ Kiniero Project
This is billed as among the largest project financing of a gold asset in the Republic of Guinea in recent years.
Global law firm DLA Piper has advised leading global mining financier Sprott Natural Resource Investment Partners (Sprott) on its USD130 million project financing of the Kiniero gold project of Robex Resources Inc. in the Republic of Guinea.
Led by partners Douglas Shields and Owen Alcorn, the international DLA Piper team advised Sprott with respect to all aspects of the financing transaction spanning various jurisdictions including Australia, Canada, Cyprus and the United Kingdom. Sylla & Partners provided local law advice in the Republic of Guinea. The team included Jason Yao, Sharon Carey, Orestis Omran, Georgios Karapostolis, Stephen Bottley, Oliver Saunders, Charlie Andrews, Madina Eira and Neel Govid.
This is billed as among the largest project financing of a gold asset in the Republic of Guinea in recent years.
Douglas Shields, partner at DLA Piper, reportedly commented: “Sprott were instrumental in allowing Robex Resources to unlock a new, high-quality gold asset in the Republic of Guinea in parallel with their existing Malian gold asset. Not only does it represent among the largest project financing for a gold asset in Guinea in recent years, it demonstrates the continued strong appetite for lenders to finance high-quality gold assets in stable jurisdictions in West Africa.”
Owen Alcorn, partner at DLA Piper, reportedly commented: “We are delighted to have advised longstanding client Sprott on what has been a complex, multi-jurisdictional matter. This transaction is further evidence of DLA Piper's strength in advising clients in West African jurisdictions.”
The deal comes after DLA Piper’s recent engagement of advising Sprott and Coris Bank International SA on their circa USD265 million funding package to Western African Resources Ltd to support development of the Kiaka gold project in Burkina Faso.
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