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Continental Gold Inc. Completes Fully Subscribed US$175 Million Financing Package Backed by Newmont Mining and Triple Flag

Published: 03/15/2019

Team: Jay Goldman, Cathy L. Mercer, Alexander Pizale, Lindsay Clements, David Budd, Carla Potter, Jenna Clark, Winda Fung

On March 15, 2019, Continental Gold Inc. completed a US$175 million financing package consisting of (i) US$75 million of unsecured convertible debentures being issued to certain investors, including a US$50 million debenture from Newmont Mining Corporation, and (ii) a US$100 million secured gold and silver stream from Triple Flag Mining Finance Bermuda Ltd. Continental has also agreed with RK Mine Finance to make certain amendments to its existing credit agreement in respect of the security documents in connection with the stream.

Cassels Brock represented Continental with a team that included Jay Goldman, Cathy Mercer, Alex Pizale and Lindsay Clements (Business Law) and David Budd, Carla Potter, Jenna Clark and Winda Fung (Financial Services).