Fasken advises Cupric Canyon Capital on the financing of the Khoemacau Copper project in Botswana

Fasken has advised Cupric Canyon Capital on a financing package totalling US$650m with respect to the construction and development of its Khoemacau Copper Project in Botswana. The financing package is comprised of a US$275m credit facility from Red Kite Mine Finance, a US$265m silver stream and US$25m subordinated debt from a subsidiary of Royal Gold, Inc., as well as a US$70m equity investment from Resource Capital Fund VII LP and a US$15m equity investment from Global Natural Resource Investments. Construction for the mine started in early 2019 and is expected to be completed in 2021. The multi-jurisdictional Fasken team was led by John Torrey, Brian Graves and Georald Ingborg and included Toronto-based partners Gesta Abols and Dev Singh, associates Laura Konkel and Daniel Conrad and law clerk Stacey Hogan. London-based partner Thomas Wexler and associate Maurice Wong advised on English law matters.