Waterton takes ownership of mining assets of Fire River Gold
Canadian private equity firm Waterton Global Resource Management has taken ownership of the Nixon Fork Gold Mine and Mystery Creek Resources Inc, the principal assets of Fire River Gold Corp (TSXV: FAU). The action was the result of default by the Vancouver-based mineral exploration company on a credit agreement with Waterton. As part of the deal, Waterton also agreed to pay to Fire River approximately $250,000 in cash and other obligations. The Nixon Fork Gold Mine is located in Alaska. As reported by peHUB Canada, Waterton in April raised over US$1 billion in the final close of Waterton Global Precious Metals Fund II.
8 July 2014•2 mins read
