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27 January 20222 minute read

DLA Piper Canada advised Adventus Mining on US$260 Million in construction financing for Curipamba ‎copper project ‎

In January 2022, Adventus Mining Corporation ("Adventus") (TSXV: ADZN) announced a series of financings totalling approximately US$260 million to fund construction at its Curipamba copper project in Ecuador: (i) Trafigura Pte Ltd will provide Adventus with a debt facility of US$45 million and agreed to invest US$10 million in an equity financing, (ii) a bought deal prospectus offering raising approximately $35 million; and (iii) a US$235 million precious metals stream with Wheaton Precious Metals. DLA Piper Canada acted for Adventus on these transactions.

Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company and 75%-owner of the 215 km2 Curipamba copper project, which has recently completed a feasibility study on its shallow and high-grade El Domo deposit.

You can read more about these transactions here and here.

The DLA Piper Canada deal team in these transactions was led by Partner Denis G. Silva and ‎included Ruby Chan, Donald Collie, Douglas Shields, Ilia Danef, Kevin Fritz (tax), Nahal Iranpour, Ben Kaardal and Chris Ross (tax).