On January 29, 2013, Ivernica Inc (Ivernia) announced that it entered into a CDN $20 million secured loan facility with Sprott Resources Lending Corp (Sprott). Sprott provides Ivernia with funding to restart operations at its Parro Station lead mining operation located in Western Australia.
Sprott is a publicly traded natural resource lender, which provides bridge and mezzanine lending to mining and oil and gas companies. Sprott has deep expertise in the natural resource lending space and a strong asset base.
Ivernia is an international base metal mining company and the owner of the Paroo Station Mine, located in Western Australia.
Fasken Martineau represented Sprott with a team that included Andrew Jackson and Nicholas Roos (banking and finance).