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Conyers Dill & Pearman acted as British Virgin Islands counsel to Taurus Funds Management Pty Ltd. (“Taurus”) in connection with its closing of a secured development finance facility (the “Facility” and the “Facility Agreement”) with Teranga Gold Corporation (TSX: TGZ) (“Teranga”).
The Facility includes:
In relation to the execution of the Facility Agreement, Teranga also issued to Taurus an aggregate of 2,000,000 unlisted 4-year warrants to acquire Teranga’s common shares at an exercise price equal to C$5.22.
Taurus is a privately owned investment manager that provides services to institutional and high net worth clients. It invests in the alternative investment markets across the globe, primarily focusing on commodities, private equity and early stage investments in public and private small cap mining companies in minerals and commodities sectors such as metals and mining, energy, chemicals, steel and the paper sector.
Counsel Cora Miller of Conyers’ BVI office advised on the matter working alongside Fasken Martineau DuMoulin LLP.