Marcos Quiroz
EFIC Partners
Red Eagle Mining Corporation
Deal Type
Acquisition
Sector
Energy & Sustainability
Completion Date
31st August 2015
Deal Value
$95m
Company Background
Red Eagle Mining Corporation is a Canada based mining company, with a focus on a greenfield gold project in Colombia. The company's main shareholders include globally recognized players (Orion Mine Finance, Liberty Metals and Mining) and its management holds a significant track record in the industry.
Deal Summary
STRACON GyM, identified the Santa Rosa Gold Project, Red Eagle's main project in Colombia, as a potential target to increase its pipeline and expand its international operations. Red Eagle was looking to complete a capital increase in order to start operations. An agreement was struck for STRACON GyM to purchase a stake in the Santa Rosa Gold project while the awarding of a mining services contract was advantageous both to STRACON GyM and the project.
Value Added
EFIC Partners carried out the financial due diligence of the project, and coordinated the legal due diligence as well, under a significant time constraint. Thanks to our deep understanding of the company's operations and the industry, were able to close the deal in a six week time frame. At the same time, we negotiated a capital increase structure and exit strategy which protected our client’s interest in the best possible way.
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