Orion invests $67.1 mln in Leagold's acquisition of Los Filos mine

U.S. mining private equity firm Orion Mine Finance has made an equity investment in Leagold Mining Corp (TSX.V: LMC) a Vancouver company focused on mid-tier gold production opportunities in Latin America. Orion bought common shares and receipts worth about $67.1 million (US$50 million) as part of a US$200 million financing package provided in support of Leagold's acquisition from Goldcorp Inc of the Los Filos gold mine in Guerrero State, Mexico. The package included a credit facility with an Orion affiliate of US$150 million. Leagold announced the close of the acquisition, valued at US$350 million, earlier this month.

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