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News / 18.12.2017

Joint venture between Firesteel Resources Inc. and Nordic Mines AB

Waselius & Wist advised Firesteel Resources Inc. (TSX-V: FTR) (“Firesteel”) in entering into a joint venture with Nordic Mines AB, giving Firesteel a controlling stake in Nordic Mines Marknad AB. The joint venture included related financing arrangements where Firesteel received USD 20,6 million in funds under a Prepaid Forward Gold Purchase Agreement with PFL Raahe Holdings LP, an investment vehicle controlled by Pandion Mine Finance, LP.

Firesteel will operate the Laiva gold mine in Finland which is estimated to hold one of the largest gold deposits in the Nordic region.

Lawyers involved

Maria Pajuniemi
Associate
Henri Kaskimo
Associate
Ann-Marie Eklund
Associate
Tuurna