Financing of the Laiva Gold Mine

Pandion Mine Finance, LP

Posted on

12 Dec

2017

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Fast facts

Status:

Signed 10 December 2017
Ongoing

Cross-border:

Yes

Deal value:

Approximately USD 20 million

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Juha-Pekka Mutanen, Partner
Dittmar & Indrenius > References > Financing of the Laiva Gold Mine

We advised the US mining finance fund Pandion in its financing of the Laiva Gold Mine operated by Nordic Mines Oy in Raahe.

The transaction involved the acquisition by Firesteel Resources Inc. of an indirect shareholding in Nordic Mines Oy and provision of financing, including related complex security and pre-paid gold delivery arrangements, to the Laiva gold mine operated by Nordic Mines Oy in Raahe, Finland.

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