$12 Million Convertible Loan for Crystal Peak Minerals


Cassels Brock acted for Crystal Peak on the transaction

Crystal Peak Minerals Inc. completed a US$12,000,000 financing with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources Fund 1, LP, its largest shareholder. The principal amount of the loan, in whole or in part, is convertible into common shares of Crystal Peak at the option of the holder, at a price per common share of C$0.55.

Crystal Peak intends to use the funds received from the loan to fund the continuing development program for its specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A. and for general working capital purposes.

Cassels Brock acted for Crystal Peak with a deal team that included Paul Stein (Picture), Alexander Pizale and Greg Hogan (Securities), and Peter Sullivan and Carla Potter (Financial Services).

Involved fees earner: Paul Stein – Cassels Brock & Blackwell LLP; Alexander Pizale – Cassels Brock & Blackwell LLP; Gregory Hogan – Cassels Brock & Blackwell LLP; Peter Sullivan – Cassels Brock & Blackwell LLP; Carla Potter – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Crystal Peak Minerals Inc. ;

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Author: Ambrogio Visconti