Atico Mining’s US$6.5 Million Debenture Private Placement

Cassels Brock & Blackwell LLP represented Dundee Corporation and Dundee Resources Limited.

Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF) announced it has entered into a subscription agreement with Dundee Corporation with respect to the issuance of unsecured convertible debentures of the Company for gross proceeds of US$6.5 million.

The Debentures will mature five years following the closing date with an interest rate of 7% per annum and, subject to certain terms and conditions, will be convertible into up to an aggregate of 11,627,907 common shares of the Company at a conversion price of US$0.559 per Conversion Share.

The Company may, at its option, redeem the Debentures, in whole or in part, at par plus accrued and unpaid interest.

The proceeds of the Offering will be used for work on the Company’s La Plata project and for general working capital purposes.

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing it’s high-grade La Plata VMS project in Ecuador.

Dundee Corporation is a diversified holding company with investments in companies in the wealth management, resources, agriculture and real estate verticals.

The Cassels team included Jay King (Picture) and Stefan Politano (Securities and Mining), Jennifer Wasylyk (Banking & Specialty Finance) and Corinne Grigoriu (Tax).

Involved fees earner: Corinne Grigoriu – Cassels Brock & Blackwell LLP; Jay King – Cassels Brock & Blackwell LLP; Stefan Politano – Cassels Brock & Blackwell LLP; Jennifer Wasylyk – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Dundee Corp; Dundee Resources Limited ;

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Author: Ambrogio Visconti