Conyers advises Gold Fields in connection of its royalties acquisition by Maverix Metals

Conyers Dill & Pearman provided BVI legal advice to Gold Fields Netherlands Services B.V. (a wholly owned subsidiary of Gold Fields Limited) and certain of its affiliates with its strategic sale of a portfolio of 11 mineral property royalties to Maverix Metals Inc. As consideration for the royalties, Maverix issued a total of 42,850,000 common shares and 10,000,000 common share purchase warrants to Gold Fields, for a transaction value of approximately US$32 million. Upon completion of the transaction and a concurrent Maverix financing transaction, Gold Fields owns approximately 32% of the issued and outstanding common shares of Maverix.

Gold fields is a wholly owned subsidiary of Gold Fields Limited. Gold Fields were issued 42,850,000 common shares from Maverix and 10 million common share purchase warrants which are excercisable within 5 years. They are priced at US$1.204 (CDN$1.60) per Maverix common share.

Counsel Cora Miller of Conyers’ BVI office advised on the matter working alongside Fasken Martineau.

 

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