Our Offshore Lawyers Worldwide Anguilla Sao Paulo British Virgin Islands Cayman Islands Cyprus Vancouver Hong Kong London Montevideo Singapore Tokyo Shanghai Bermuda

Recent Experience

Recent deals and cases by Harneys

Harneys advises on Burkina Faso gold project

2 October 2015

Harneys has acted as BVI and Cayman counsel to Societe Generale Corporate & Investment Banking and BNP Paribas as lenders (the Lenders) and their lead counsel, Mayer Brown (London) in a US$75 million senior debt facility, made available to Roxgold Inc. for the Yaramoko Gold Project in Burkina Faso, West Africa (the Gold Project).

Roxgold Inc. is a gold exploration and development company listed on the TSX Venture Exchange. It will use the six-year debt facility for the development of its Gold Project with a goal of reaching production in the second quarter of 2016.
In connection with the debt facility Roxgold Inc. also established a gold hedging program with the Lenders. The hedging program covers the gold price exposure for 65,000 ounces of Yaramoko's projected gold production, which equates to approximately 8.5 per cent of Roxgold’s current reserve over the life of loan.