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24 November 20231 minute read

DLA Piper Canada advised Adventus Mining on merger with Luminex to create growth-focused copper-‎gold company in Ecuador ‎

On November 21, Adventus Mining Corporation ("Adventus") (TSXV: ADZN) and Luminex Resources Corp. (“Luminex”) ‎‎(TSXV: LR) announced that they have entered into an arrangement agreement in which Adventus will acquire all of the issued and outstanding common ‎shares of Luminex. Adventus and Luminex also announced a concurrent financing of up to US$20 million with lead investments from Ross Beaty, Altius Minerals and Wheaton Precious Metals.

The ‎transaction will create a combined company that intends to lead the advancement of the El Domo-Curipamba copper-‎gold project towards production and consolidates a large and prospective gold-copper ‎development and exploration portfolio in Ecuador totalling over 135,000 hectares and including the preliminary ‎economic assessment staged Condor Gold Project.‎

Adventus is an Ecuador-focused copper-gold exploration and development company and ‎majority owner of the 215 sq. km Curipamba copper-gold project‎. Luminex is a Vancouver, Canada based precious and base metals exploration and development ‎company focused on gold and copper projects in Ecuador. ‎

You can read more about this transaction here.

The DLA Piper Canada deal team in this transaction was led by Partner Denis Silva and ‎included Jennifer Poirier, Sydney Kert, Patrick Webb, Beatriz Albuquerque, and Kaleigh Nevin.