MHR represented Deseado Resources on mining deal

Martínez de Hoz & Rueda (MHR) has advised Deseado Resources on the acquisition of 100% of the share capital and voting rights of Yacimientos Patagónicos, a company holding strategic real estate assets and certain mining rights grouped into seven projects located in the Province of Santa Cruz: Ciclón, Ciclón Sur, Don Adamo, Don Adamo IV, Cisne, Silvia and Farwest-Casablanca.

The transaction remains subject to the satisfaction of certain conditions precedent. As part of the agreed structure, an escrow trust was established and will remain in place until such conditions are fulfilled and the purchase price has been paid in full.

MHR advised the buyers through partners Ignacio Meggiolaro and Victoria Bengochea, together with associates Thomas Weinert, Francisco Christensen and Juan Pablo Pini. The sellers were advised by Bruchou & Funes de Rioja.