On February 24, 2021, Star Royalties Ltd. announced the closing of the second installment of its previously announced US$18 million gold purchase and sale agreement ("Streaming Agreement") with Arizona Gold Corp.
These funds will be used to finance the restart of underground operations and gold production at its Copperstone Gold Mine located in Arizona, United States.
The US$18 million advance payment under the Streaming Agreement is being provided in three equal installments. The stream is secured by the assets of Arizona Gold Corp.
Fasken advised Star Royalties Ltd. with a team led by Brian Graves (Securities and Mining) which included John Torrey (Banking) and Laura Konkel (Securities and Mining).
These funds will be used to finance the restart of underground operations and gold production at its Copperstone Gold Mine located in Arizona, United States.
The US$18 million advance payment under the Streaming Agreement is being provided in three equal installments. The stream is secured by the assets of Arizona Gold Corp.
Fasken advised Star Royalties Ltd. with a team led by Brian Graves (Securities and Mining) which included John Torrey (Banking) and Laura Konkel (Securities and Mining).
Jurisdiction
- Ontario
