Fasken Martineau advised TSX-V listed Kazax Minerals Inc. (“Kazax”), on the amendment of the terms of the US$20 million loans granted to it by two of the company's directors (collectively the "Holders"). The loan amendments have been made by way of the issuance to the Holders, on a non-brokered private placement basis of US$20 million in an aggregate principal amount of convertible secured debentures (the “Debentures”) and an aggregate of 100,000,000 warrants (“Warrants”, and together with the Debentures, the “Securities”) to purchase common shares of the company (“Shares”). The Private Placement is subject to final approval by the TSX Venture Exchange. The Debentures will mature and become payable on April 27, 2015. Kazax is a TSX-V listed mining corporation based in Astana, Kazakhstan. The company has a holding an interest in its first iron ore bearing property, the Lomonosovskoye deposit in Kostanay, Kazakhstan. The loan and proceeds of the private placement will be used for general working capital purposes. Fasken Martineau advised Kazax Minerals Inc. with a team that included Al Gourley, Jodi Katz and Vanessa McMinn.