BMAJ counsels EMX Royalty and Altus on acquisition of Caserones mine royalties

Bofill Mir & Alvarez Jana Abogados has advised EMX Royalty Corporation and Altus Strategies PLC on the $68.2 million royalty purchase at the Caserones mine in Chile

 Bofill Mir & Alvarez Jana Abogados has advised EMX Royalty Corp, a Canadian royalty company listed on NYSE American and TSX Venture Exchange, as well as Altus Strategies PLC, an English company listed on AIM Exchange and TSX Venture Exchange, in the purchase of shares of Sociedad Legal Minera California, representing a Net Smelter Return royalty of 0.836% in the Caserones Copper-Molybdenum Mine located in northern Chile, for $68,200,000 US dollars in cash.

The transaction was completed on 16 August, and it is anticipated that the closing of the purchase of Regalía Caserones will take place in two phases, with both closings to be completed by 1 September 2021.

To purchase the Caserones Royalty, EMX and Altus formed a partnership in Chile in which they have equal stakes.

Shareholders of Sociedad Legal Minera California, in charge of the sale, were advised by the firm Bertrand-Galindo Barrueto Barroilhet & Cía.

BMAJ’s team consisted of partner Pablo Mir (pictured left), senior associates Felipe Allende (pictured right) and Jorge Valenzuela, together with associates Alonso Calderón and Francisco Miranda.

Bertrand-Galindo’s team was led by partner Iván Bertrand-Galindo, assisted by associates Francisco Cabrera and Vicente Palma.