Fasken advised Thor Explorations Ltd. in connection with the acquisition.
On April 5, 2021, Thor Explorations Ltd. (TSX VENTURE: THX) announced that it signed an agreement with Barrick Gold Corporation, which terminated the 2015 Earn-In Agreement between Thor and Acacia Mining PLC (subsequently acquired by Barrick), on the Centre Houndé Project in south-western Burkina Faso.
As a result of signing the agreement, Thor has acquired Barrick’s 51% ownership of the Project in exchange for a 1% Net Smelter Royalty. Thor now holds 100% of the Project.
The Project consists of three early stage exploration permits over the Houndé belt, a part of West Africa’s Birimian greenstone belts.
The Fasken team was led by Johanna Fipke (Picture, Mining, M&A).
Involved fees earner: Johanna Fipke – Fasken Martineau;
Law Firms: Fasken Martineau;
Clients: Thor Explorations;