Continental Gold and Triple Flag Mining Finance Bermuda’s Sream Agreement of the metals produced in the Buriticà Project


Posse Herrera Ruiz, Torys, José Lloreda Camacho & Co and Cassels Brock & Blackwell advised on the deal

Triple Flag Mining Finance Bermuda Ltd., as Purchaser, executed the metals purchase and sale agreement with Continental Gold Inc., Continental Gold Limited, Continental Gold Limited Sucursal Colombia, CGL International Holdings Limited, CGL Greater Buriticá Holdings Limited., CGL Gran Buriticá S.A.S. and Costa S.O.M., dated March 15, 2019. The company offered Continental Gold a financing package consisting of a US$100 million gold and silver stream. Proceeds from the Financing Package will be used for general and working capital purposes and toward construction, commissioning and start-up of the Buriticá Project located in Antioquia, Colombia.

The purchaser initial investment is estimated at USD 100 million.

Posse Herrera Ruiz advised Triple Flag Mining Finance Bermuda Ltd. with Álvaro José Rodríguez (Picture) Diana Salazar, Jesús Albarrán, Julián Manrique and Paula Knudson.

In Canada, Torys advised Triple Flag Mining Finance Bermuda Ltd. with Amanda Balasubramanian, Michael Pickersgill and Carly Klinkhoff.

José Lloreda Camacho & Co advised Continental Gold with Ignacio Santamaría, Senior Associate: Ángela Salazar

In Canada, Cassels Brock & Blackwell advised Continental Gold with Jay Goldman, Cathy Mercer, David Budd, Carla Potter and Lindsay Clements.

Involved fees earner: David Budd – Cassels Brock & Blackwell LLP; Lindsay Clements – Cassels Brock & Blackwell LLP; Jay Goldman – Cassels Brock & Blackwell LLP; Cathy Mercer – Cassels Brock & Blackwell LLP; Carla Potter – Cassels Brock & Blackwell LLP; Ángela Salazar – Lloreda Camacho & Co.; Ignacio Santamaría Escobar – Lloreda Camacho & Co.; Jesús Albarrán – Posse Herrera Ruiz; Paula Knudson – Posse Herrera Ruiz; Julián Manrique – Posse Herrera Ruiz; Álvaro José Rodríguez – Posse Herrera Ruiz; Diana Salazar – Posse Herrera Ruiz; Amanda Balasubramanian – Torys LLP; Carly Klinkhoff – Torys LLP; Michael Pickersgill – Torys LLP;

Law Firms: Cassels Brock & Blackwell LLP; Lloreda Camacho & Co.; Posse Herrera Ruiz; Torys LLP;

Clients: Continental Gold Inc.; Triple Flag Mining Finance Ltd.;