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Orion Mine Finance signs US$35 million Bridge Loan Facility, completes US$5 million Equity Financing and enters into Offtake Agreements with Aldridge Minerals

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Orion Mine Finance

On September 26, 2014, Orion Mine Finance advanced US$10 million to Aldridge Minerals Inc. as the initial advance under a US$35 million bridge loan facility and completed an equity financing of US$5,274,275 . In connection with the financings, Orion also entered into a lead concentrate offtake agreement and gold purchase and sale agreement with respect to Aldridge’s Yenipazar polymetallic project in Turkey. The Orion Mine Finance Group is a mining-focused investment business specializing in providing flexible capital investment solutions to junior mining companies in the base and precious metals sector. Orion has demonstrated capability in debt, equity, convertibles, offtake, streaming, and royalty investments. Orion Mine Finance was advised by Fasken Martineau with a team that included John Torrey (banking), Josh Lewis (mining), Nancy Eastman and Steven Catania (securities and mining) and Magdalena Chmurzewski (law clerk).



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