On January 22, 2018, Sabina Gold & Silver Corp. announced the completion of a private placement with Zhaojin International Mining Co., Ltd. (“Zhaojin International”) in the amount of approximately CDN$66.1-million to purchase 24.93 million common shares at a price of $2.65 per share, resulting in Zhaojin International holding a 9.9% stake in Sabina.
Zhaojin International is a subsidiary of Zhaojin Mining Industry Co. Ltd., a leading Chinese gold producer and one of China’s largest gold smelting companies.
Sabina is a well-financed, emerging precious metals company with district scale, advanced, high grade gold assets in one of the world’s newest, politically stable mining jurisdictions: Nunavut, Canada.
Gowling WLG advised Sabina with a team that included Brett A. Kagetsu and Raymond Ong.
