McGuireWoods London Helps Swedish Mining Company Endomines AB Acquire Five U.S. Gold Mines
A McGuireWoods London corporate team played a significant role in helping client Endomines AB, a mining and exploration company based in Sweden, complete the recent US$31.25 million purchase of U.S.-based TVL Gold and five gold mines it held in Idaho.
In addition to the acquisition, McGuireWoods assisted in the approximately €20 million equity rights issue Endomines undertook to finance part of the transaction.
Under the deal, one third of the total purchase is paid in cash and the remainder is paid in shares through a convertible loan.