Samsung C&T U. K. Ltd.’s $11.25 million prepayment to Great Panther Mining Limited


Veirano and Osler, Hoskin & Harcourt LLP advised Samsung C&T U.K. Ltd. and Pinheiro Neto Advogados advised Great Panther Mining Limited on the deal

Samsung C&T U. K. Ltd. (“Samsung”), a wholly owned subsidiary of Samsung C&T Corporation, has agreed to advance a US$11.25 million prepayment to Great Panther Mining Limited (“Company”) in consideration of delivery and sale of approximately 3,000 ounces of gold contained in doré per month over a two-year period from the Tucano Gold Mine, by entering into a gold doré prepayment agreement (“Agreement”) . In addition, the Agreement also provides Samsung a right of offer for concentrates produced from the Company’s Coricancha Mine project in certain circumstances. The transaction is expected to close with the funding of the Advance by February 2020.

Veirano advised Samsung C&T U.K. Ltd. with a team including Pedro Garcia (Picture), Elisa Rezende, Antonio Albani and

Maria Julia Pinto.

Osler, Hoskin & Harcourt advised Samsung C&T U.K. Ltd. with Martha Martindale and Alan Hutchison.

Pinheiro Neto advised Great Panther Mining Limited with a team including Adriano Trindade.

Involved fees earner: Alan Hutchison – Osler Hoskin & Harcourt; Martha Martindale – Osler Hoskin & Harcourt; Adriano Drummond Trindade – Pinheiro Neto; Antonio Albani – Veirano Advogados; Pedro Garcia – Veirano Advogados; Maria Julia Pinto – Veirano Advogados; Elisa Rezende – Veirano Advogados;

Law Firms: Osler Hoskin & Harcourt; Pinheiro Neto; Veirano Advogados;

Clients: Great Panther Mining Limited; Samsung C&T;

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Author: Ambrogio Visconti.