DLA Piper advises Sprott Natural Resource Investment Partners on its USD130 million financing of Robex Resources Kiniero gold project in the Republic of Guinea

Global law firm DLA Piper has advised Sprott Natural Resource Investment Partners (Sprott), a leading global mining financier, on its USD130 million project financing of Robex Resources Inc.'s Kiniero gold project in the Republic of Guinea.

The international DLA Piper team, led by partners Douglas Shields and Owen Alcorn, advised Sprott in respect of all elements of the financing transaction, which spanned multiple jurisdictions including Canada, Australia, Cyprus and the United Kingdom. Local law advice in the Republic of Guinea was provided by Sylla & Partners.

The transaction is considered to be one of the largest project financing for a gold asset in the Republic of Guinea in recent years.

Douglas Shields, partner at DLA Piper comments: “Sprott were instrumental in allowing Robex Resources to unlock a new, high-quality gold asset in the Republic of Guinea in parallel with their existing Malian gold asset”.

“Not only does it represent one of the largest project financing for a gold asset in Guinea in recent years, but it demonstrates the continued strong appetite for lenders to finance high-quality gold assets in stable jurisdictions in West Africa”.

Owen Alcorn, partner at DLA Piper comments: “We're delighted to have advised longstanding client Sprott on what has been a complex, multi-jurisdictional matter. This transaction is further evidence of DLA Piper's strength in advising clients in West African jurisdictions”.

This transaction follows DLA Piper’s recent engagement of advising Sprott and Coris Bank International SA on their circa USD265 million funding package to Western African Resources Ltd to support the development of the Kiaka gold project in Burkina Faso.