Orion invests $58 mln in Leagold's buy of Brio Gold
Orion Mine Finance has agreed to invest about $58 million (US$45 million) in Leagold Mining Corp (TSX: LMC), a Vancouver-based company focused on mid-tier gold production opportunities in Latin America. The proceeds are intended to support Leagold's acquisition of Brio Gold Inc, a Toronto-based mining company with gold-producing, development and exploration-stage properties in Brazil. The buy, announced earlier this year, implies an equity value for Brio of $314 million. Orion, a U.S. mining private equity firm, is expected to retain a 16 percent interest in Leagold with the deal's close.
2 May 2018•5 mins read
