On July 12, 2022, BaseCore Metals LP ("BaseCore"), a base metals-focused streaming and royalty company, completed the sale of a high-quality portfolio including nine royalties and one stream to Sandstorm Gold Ltd. (“Sandstorm”) for total consideration of US$525 million.
Sandstorm satisfied the purchase price by paying US$425 million in cash and issuing approximately 13.5 million common shares.
Fasken advised BaseCore in connection with this transaction with a team led by Nancy Eastman and Brian Graves, including Guy Winter, Brad Freelan, Niel Jacobs, Nazish Mirza, Fatima Husnain, Karen Yao (Mergers & Acquisitions); Christopher Steeves, Paul Casuccio (Tax Law); Angela Onesi, David Ferris, Svetlana Samochkine (Banking & Finance); Huy Do and Robin Spillette (Competition, Marketing and Foreign Investment).
Jurisdictions
- Canada
- Peru
- Mexico
