Quintana acquires precious and base metal stream over KBL's Mineral Hill
Date Closed
March 17, 2015
Lead Office
Vancouver
Value
23.50 Million USD
On March 9, 2015, Quintana Minerals Corporation (“Quintana”) and KBL Mining Ltd (“KBL Mining”) entered a metal purchase agreement (the “MPA”), pursuant to which Quintana would advance an upfront payment of up to US$23 million to KBL Mining (subject to the conditions set out in the MPA) in exchange for the right to purchase precious and base metals from KBL Mining in an amount calculated with reference to production from KBL Mining’s Mineral Hill mine.
Quintana Minerals Corporation provides oil and gas exploration and production services.
McCarthy Tétrault LLP advised Quintana, the acquiror, with a team that included Roger Taplin, Adam Wanke, Patrick Deutscher, and Ashwin Sathyamoorthy (Mining and M&A).
