Nyrstar NV Closes Sale of Campo Morado Mine
June 13, 2017
On June 13, 2017 Nyrstar NV (“Nyrstar”), a global multi-metals business, completed its previously announced sale of the Campo Morado mine in Mexico to Telson Resources Inc. (a TSX Venture Exchange listed issuer) and Reynas Minas S.A. de C.V. for total cash consideration of US$20 million, plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the Campo Morado mine.
The sale of the Campo Morado mine in Mexico is part of the formal sale process for all or the majority of Nyrstar's mining assets which was formally launched in January 2016. BMO Capital Markets Limited and Lazard GmbH acted as financial advisor to Nyrstar in connection with the sale process.
Fasken Martineau advised Nyrstar on this transaction with a team that included Alex Nikolic, John Turner, Paul Fornazzari and Corum Van Esch.