Serus Legal is pleased to have assisted Sanu Gold Corp (Sanu) in completing two pivotal transactions:
A strategic partnership with Montage Gold Corp, resulting in a 19.9% equity stake in Sanu through a share exchange.
An investment by the Lundin Family, who acquired a 10% equity stake in Sanu via a non-brokered private placement.
These investments will allow Sanu to advance its exploration activities, including geophysics and drilling, on its highly prospective Daina, Diguifara, and Banta Baye Gold Permits in Guinea, West Africa.
The Serus Legal team, alongside favored local counsel, conducted a comprehensive review of the local companies and mining assets involved, clearing the path for both transactions to close successfully.
Martin Pawlitschek, Chief Executive Officer of Sanu, said: “We’re very pleased to close these investments. Alongside earlier support from AngloGold Ashanti plc and Capital DI, these funds will help us accelerate exploration on our Guinea gold projects. Serus and their local team have been invaluable partners, and we look forward to continuing to work with them as we advance.”
Peter Finan, Principal at Serus Legal, said: “We’re proud to have played a key role in delivering this positive outcome for Sanu and for Guinea. Against a tight schedule, our team drew on its expertise to achieve a successful completion. This represents one of our most impactful mining transactions this year.”
Serus Legal’s team was led by Peter Finan (New York) and Marc Montandon (Perth), supported by Sylla Partners (Conakry).
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