Aris Gold creates a joint venture with MDC Industry Holding. The advisors
Aris Gold Corporation has entered into a definitive agreement with MDC Industry Holding Company, a wholly owned subsidiary of the Abu Dhabi based investment company Mubadala Investment Company, whereby Aris Gold would acquire a 20% joint venture interest (USD 100 million equity investment) in the Soto Norte gold project in Colombia, with the option to acquire a further 30% interest.
The Soto Norte gold project is a feasibility-stage projects with high-grade mineral reserves, low capital intensity, low operating costs, and district-scale potential.
This venture deal comes in light of Aris Gold upsizing its existing precious metals stream at the 100%-owned Marmato Mine by USD65 million and arranged a USD35 million debenture (the Debenture) that is convertible into common shares of Aris Gold at a conversion price of USD1.75.
Homburger acted as Swiss counsel to Aris Gold Corporation. The Homburger team was led by partner Daniel Hasler (pictured) and included associate Jasmin Künzle (both corporate / m&a) as well as partner Jürg Frick and associate Vanessa Isler (both financing and investment products).
