Sentient sells interest in Strateco Resources to Toro Energy
The Sentient Group, a private equity firm based in the Cayman Islands and with an office in Montréal, has agreed to sell a large portion of its debt and equity investment in Strateco Resources Inc (TSX: RSC) to Australian uranium business Toro Energy Ltd. The acquired assets included a 19.8 percent equity interest in Strateco, convertible notes, a senior secured loan and a 25 percent equity interest in Strateco subsidiary SeqUr Exploration Inc. Following the transaction, Sentient will retain an 8 percent stake in the company as well as convertible notes. With headquarters in Boucherville, Québec, Strateco is a uranium mining company with exploration projects in northern Quebec.
3 November 2014•2 mins read
