Sprott Resource Streaming and Royalty Corp. (“Sprott”) and Ontario Teachers' Pension Plan (“Ontario Teachers”) completed the purchase of a secured note from KSM Mining ULC (“KSMCo”) that is to be exchanged at maturity for a 60% gross silver royalty on the KSM project located in northern British Columbia for US$225 million.
Proceeds from this purchase will be used to continue ongoing physical works at KSM and advance the project towards a designation of ‘substantially started’.
Fasken represented Sprott Private Resource Streaming and Royalty (B) Corp. with a team led by Johanna Fipke (M&A), which included Thomas Meagher, Krisztian Toth, Daniel Leslie, Sarah Martin and Heather Sorenson.
Proceeds from this purchase will be used to continue ongoing physical works at KSM and advance the project towards a designation of ‘substantially started’.
Fasken represented Sprott Private Resource Streaming and Royalty (B) Corp. with a team led by Johanna Fipke (M&A), which included Thomas Meagher, Krisztian Toth, Daniel Leslie, Sarah Martin and Heather Sorenson.
Jurisdiction
- British Columbia
