Sprott Resource Streaming and Royalty Corp. purchases secured note for US$150 million

Sprott Resource Streaming and Royalty Corp., provider of specialized forms of capital to the mining sector on behalf of institutional investors, purchased a secured note for US$150 million that is to be exchanged at maturity for a net smelter returns royalty on Seabridge Gold Inc.’s KSM project.

Fasken advised with a team led by Johanna Fipke (Mining Law, Corporate and Commercial Law), and included Sarah Martin (Corporate and Commercial Law), Krisztian Toth (Securities Law) Brent Lewis (Banking and Finance), Patrick Frost, Heather Sorenson and Regan Brodziak.