1st September 2017
Hamlins advises on US$400m Mining Deal
Hamlins Corporate Team is delighted to announce that it has advised new client Trevali Mining Corporation, the TSX quoted Canadian mining company on the English law elements of the acquisition of a portfolio of zinc assets from Glencore Plc. The acquisition included an 80% interest in the Rosh Pinah Mine in Namibia, a 90% interest in the Perkeva mine in Burkina Faso and an effective 39% interest in the Gergarub project in Namibia together with an option to acquire 100% interest in the Heath Steele project in Canada.
The aggregate purchase price of the assets was US$417.86m comprising US$245.21m in cash and an aggregate of 193,432,310 common shares in the capital of Trevali.
The transaction also involved a debt fundraising of US$190m with a syndicate of Canadian banks.
The Hamlins team was led by Daniel Bellau (Head of Corporate), assisted by Richard Pull (Corporate Associate). The English law debt finance side was led by Charles Bezzant (Head of Finance) assisted by Aselle Djumabaeve-Wood (Finance Partner) and Neil Thomas (Finance Associate).
Daniel Bellau commented: “We were delighted to have been involved in the English law aspects of such a high value and high profile transaction for a Canadian quoted group. This shows the firm’s credentials once again in batting above its weight in corporate transactional work”.
Trevali Mining was advised by Aird Berlis LLP on the M&A transaction in Canada and by Cassels Brock on the finance side. Glencore was advised by McCarthy Tétrault LLP and the financing banks were advised by Fasken LLP both in Canada, the UK and the other relevant jurisdictions.
The Hamlins Corporate team which has an enviable reputation in the junior equity markets, regularly advises on IPOs, fundraisings and transactions on the Official List, AIM and NEX, and private M&A transactions.