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Conyers advises Red Kite on US$250 million Senior Debt Facility to Continental Gold Inc.

Conyers provided Bermuda law advice to RK Mine Finance, a division of Red Kite acting through its special purpose vehicle RK Mine Finance Master Fund I Limited, a Bermuda company ("Red Kite") to provide a secured project debt facility for a total of US$250 million to Continental Gold Inc. (TSX: CNL)(OTCQX: CGOOF) ("Continental Gold"). Continental Gold acted through its wholly-owned Bermuda subsidiary Continental Gold Limited. The project debt facility will be used for the development, construction and working capital requirements for Continental Gold’s Buriticá gold mining project in Antioquia, Colombia. Red Kite and Continental Gold entered into a definitive credit agreement on 10 January 2017.

RK Mine Finance provides bespoke financing solutions to base and precious metals focused mining companies including bridge finance, construction finance, expansion funding, working capital and acquisition facilities.

Jason Piney and Cathryn Minors of Conyers’ Bermuda office advised on the matter, working alongside Norton Rose Fulbright Canada LLP.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Cathryn Minors
Associate

Hong Kong   +852 2842 9584


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Deals & Transactions

Conyers advises Red Kite on US$250 million Senior Debt Facility to Continental Gold Inc.

10 January 2017 Jason Piney Cathryn Minors

Conyers provided Bermuda law advice to RK Mine Finance, a division of Red Kite acting through its special purpose vehicle RK Mine Finance Master Fund I Limited, a Bermuda company ("Red Kite") to provide a secured project debt facility for a total of US$250 million to Continental Gold Inc. (TSX: CNL)(OTCQX: CGOOF) ("Continental Gold"). Continental Gold acted through its wholly-owned Bermuda subsidiary Continental Gold Limited. The project debt facility will be used for the development, construction and working capital requirements for Continental Gold’s Buriticá gold mining project in Antioquia, Colombia. Red Kite and Continental Gold entered into a definitive credit agreement on 10 January 2017.

RK Mine Finance provides bespoke financing solutions to base and precious metals focused mining companies including bridge finance, construction finance, expansion funding, working capital and acquisition facilities.

Jason Piney and Cathryn Minors of Conyers’ Bermuda office advised on the matter, working alongside Norton Rose Fulbright Canada LLP.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Cathryn Minors
Associate

Hong Kong   +852 2842 9584


 

JURISDICTION(S)

Bermuda


International Office(s)

Bermuda