Ionic Capital lends US$22 million to NiMin Energy to help finance acquisition of Wyoming oil producing properties
On December 18, 2009, NiMin Energy Corp. (TSX: NNN) announced that its wholly owned subsidiary, Legacy Energy, Inc. had acquired four oil producing fields in the state of Wyoming. The purchase price was US$27.3 million, of which US$22 million was funded by a loan syndicated by Ionic Capital Corp. The effective date for the acquisition is December 1, 2009.
Ionic Capital was advised in this transaction by Gary Rose of Fasken Martineau.