Waterton to buy interests in Mount Hamilton gold project for $30 mln
Solitario Exploration & Royalty Corp and Ely Gold & Minerals Inc have agreed to sell their combined interests in the Mount Hamilton gold project to an affiliate of Canadian private equity firm Waterton Global Resource Management for US$30 million in cash. According to the terms of the deal, Solitario will sell its 80 percent stake in Mount Hamilton, while Ely Gold will sell its 20 percent stake. Maxit Capital LP provided financial advice to both Solitario and Ely Gold on the transaction. Waterton said the acquisition will add another key development asset to its growing portfolio of assets in Nevada.
11 June 2015•9 mins read
