Nobis to lead $12.1 mln financing of PE-backed Adventus Zinc
Toronto-based mining company Adventus Zinc Corp (TSX-V: ADZN) has launched a private placement offering of common shares intended to generate about $12.1 million in proceeds. The financing will be led by Ecuadorean conglomerate Consorcio Nobis. Nobis is subscribing for $7.4 million, giving it a 9.9 percent interest in Adventus. The balance is expected to result from the exercise of anti-dilution rights held by existing investors, including U.K. mining private equity firm Greenstone Resources and U.S. mining private equity firm Resource Capital Funds. Established in 2017, Adventus is primarily focused on the Curipamba copper-gold-zinc project in Ecuador.
6 May 2019•5 mins read
