A team of Farris lawyers recently acted for Copper Mountain Mining Corporation (CMMC) on its successful US$250 Million Norwegian bond issue and listing on the Norwegian Stock Exchange. The five-year senior secured bonds will mature in 2026 and bear interest at 8% per annum. The net proceeds of the offering were used to retire CMMC’s existing debt. Farris represented CMMC with a transactional team led by Elizabeth Harrison, QC, with Michael Allen, Denise Nawata and Ryan McCracken.
CMMC’s flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 100 million pounds of copper. CMMC also has a robust organic growth pipeline, which includes the development ready-Eva Copper Project in Queensland, Australia.
Read the full news release here.