Continental Gold’s $250 Million Senior Debt Facility for the Buritica Project from RK Mine Finance


Philippi Prietocarrizosa Ferrero DU & Uría, Cassels Brock & Blackwell, Taylors, Norton Rose Fulbright and Conyers Dill & Pearman have advised on the transaction

Continental Gold Inc through its wholly-owned subsidiary Continental Gold Limited, entered into a definitive senior Credit Agreement (the “Agreement”) with a special purpose vehicle of RK Mine Finance Master Fund I Limited (“Red Kite”) to provide a secured project debt facility for a total of US$250 million.

The project debt facility will be used for the development, construction and working capital requirements for the Company’s Buriticá project in Antioquia, Colombia. Prior to the execution of the Agreement, Red Kite conducted substantial technical and legal due diligence and, therefore, the Agreement is not subject to further due diligence.

Philippi Prietocarrizosa Ferrero DU & Uría has advised Continental Gold Limited with Juan Fernando Gaviria (Picture), Carolina Rozo. Asociados Mateo Sinisterra, Leonardo Cote, María José Ariza, María De Bedout and Antonio Gómez.

Cassels Brock & Blackwell has advised Continental Gold Limited with David Budd, Jay Goldman, Cathy Mercer, Lindsay Clements, Christopher Norton, Carla Potter and Jenna Clark.

Taylors (Walkers) has advised Continental Gold Limited with Jonathan Betts, Phelecia Barnett and Ben Green.

Norton Rose Fulbright has advised RK Mine Finance Master Fund I Limited with Gilbert Geoffrey, Alison Babbit, Ahmed Ahad, Jorge Neher. Asociados Efraín Peña and Nicolás Arboleda.

Conyers Dill & Pearman has advised RK Mine Finance Master Fund I Limited with Jason Piney and Cathryn Minor.

Involved fees earner: David Budd – Cassels Brock & Blackwell LLP; Jay Goldman – Cassels Brock & Blackwell LLP; Carla Potter – Cassels Brock & Blackwell LLP; Jenna Clark – Cassels Brock & Blackwell LLP; Lindsay Clements – Cassels Brock & Blackwell LLP; Cathy Mercer – Cassels Brock & Blackwell LLP; Christopher B. Norton – Cassels Brock & Blackwell LLP; Juan Fernando Gaviria – Philippi Prietocarrizosa Ferrero DU & Uría; María José Ariza Franco – Philippi Prietocarrizosa Ferrero DU & Uría; María De Bedout Villalobos – Philippi Prietocarrizosa Ferrero DU & Uría; Carolina Rozo Gutiérrez – Philippi Prietocarrizosa Ferrero DU & Uría; Leonardo Cote Botero – Philippi Prietocarrizosa Ferrero DU & Uría; Mateo Sinisterra Calderón – Philippi Prietocarrizosa Ferrero DU & Uría; Geoffrey Gilbert – Norton Rose Fulbright; Alison Babbitt – Norton Rose Fulbright; Ahad Ahmed – Norton Rose Fulbright; Jorge Neher – Norton Rose Fulbright; Efraín Peña – Norton Rose Fulbright; Nicolás Arboleda – Norton Rose Fulbright; Jonathan Betts – Walkers Global; Phelecia Barnett – Walkers Global; Benjamin Green – Walkers Global; Jason Piney – Conyers Dill & Pearman; Cathryn Minor – Conyers Dill & Pearman;

Law Firms: Cassels Brock & Blackwell LLP; Philippi Prietocarrizosa Ferrero DU & Uría; Norton Rose Fulbright; Walkers Global; Conyers Dill & Pearman;

Clients: Continental Gold Inc.; RK Mine Finance;

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Author: Ambrogio Visconti.