Troilus Gold’s $20 Million NSR Buy Back

Cassels represented Troilus on the transaction.

On December 1, 2020, Troilus Gold Corp., concurrently with the announcement of a $22.1 million bought deal public offering, announced the entering into of an agreement pursuant to which it has repurchased and cancelled the sliding 2.5% net smelter royalty (“NSR”) from First Quantum Minerals Ltd. attached to certain mineral claims and a mining lease associated with the Troilus mine located in Quebec, for a cash consideration of $20 million.

Cassels represented Troilus with a team comprised of André Boivin (PIcture), Kyle Simpson and Jasmine Qin (Securities and Mining) in respect of the offerings, and Cathy Mercer (Mining) represented Troilus in respect of the NSR buy-back.

Involved fees earner: André Boivin – Cassels Brock & Blackwell LLP; Cathy Mercer – Cassels Brock & Blackwell LLP; Jasmine Qin – Cassels Brock & Blackwell LLP; Kyle Simpson – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Troilus Gold Corp.;

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Author: Ambrogio Visconti