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18 Sep 2020

Media Release: Clayton Utz advises lenders on acquisition financing for Novo Resources

Perth, 18 September, 2020: Clayton Utz has acted for Canadian-based investment manager and lender, Sprott Resources Lending (Sprott), on a four-year US$60 million credit facility to TSX-listed Novo Resources (Novo) for its acquisition of Millennium Minerals. Clayton Utz worked alongside Canadian law firm Davies in advising Sprott. 

Perth Banking partner Rohan Mishra led the firm's deal team, with key support from special counsel Kate Casellas and graduate Luke Crofts. 

The financing for Novo reflects the strong appetite for gold assets.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.