B&E counsels Mitsubishi on purchase of 5% stake in Marimaca

Barros & Errázuriz has counselled Mitsubishi Corporation on the purchase of 5% of the Marimaca project, a copper mine located in Antofagasta owned by Greenstone Resources, through a Private Placement.

This transaction was closed on 20 June for USD $20,000,000 and involved the jurisdictions of Chile and Canada. Stikeman Elliot advised Mitsubishi in Canada, while Bofill Mir and McCarthy Tetrault advised Marimaca in Chile and Canada, respectively.

The advice involved the completion of a due diligence report of all the assets and contracts for the project, together with the negotiation of the contracts associated with the purchase.

B&E’s team was led by partner Felipe Allende (pictured), with support from partner Carlos Ducci, senior associate Mara Angelini, and associates Martín Vial, Felipe Ríos, Rodrigo Jeria, Gabriela Galdame and Trinidad Sharp.