Mining: Privatizations & Restructuring

IBK Capital has acted as financial advisor to Triton Mining Corp. in raising capital to purchase the El Limon/La India mining property from the Government of Nicaragua.  This transaction was one of the first mining privatizations undertaken in Nicaragua.

IBK Capital completed two transactions for United Coin Mines Limited, formerly a junior Canadian mining company.  IBK Capital raised $9.6 million through a private placement of convertible debentures with Wharf Resources Ltd., and subsequently completed a private placement of debt with warrants attached, valued at $3.2 million, with DCC Equities Limited.

IBK Capital then undertook the corporate restructuring of United Coin Mines Limited, providing advice on financial restructuring alternatives, including informal and formal reorganization methods.  IBK Capital also assisted in negotiations with secured and unsecured creditors.  The total amount of debt restructured under the Companies Creditors Arrangement Act exceeded $30 million.