8 Sep 2020

PROJECTS: Weekly snapshot

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From Tuesday, September 01 to Monday, September 07, 2020

Spotlight

Auryn Resources accelerates dealership purchase

Auryn Resources Inc. accelerates the purchase of six concessions for the Sombrero gold and copper project in Ayacucho.

It has thus executed its purchase option signed in 2016 with Alturas Minerals. The final option payment of US$ 5 million appropriate to Alturas Minerals was reduced to US$ 3 million “in consideration of the early exercise of the option”. Auryn is also working on obtaining exploration permits at Sombrero.

MONDAY 07 / 09
  • Camet Real Estate Services (CRES) closed a commercial alliance with the real estate developer group Orange de Mexico, with which it has entered the Peruvian market offering property management services.
  • OnRetail, the company in charge of designing and managing commercial projects, is resuming the implementation of the Puente Piedra neighborhood mall project.
  • The Canadian company Bear Creek Mining reported that it is slowly returning to the Corani project. The company is currently in the process of obtaining a senior secured credit facility and is also evaluating other financing alternatives for the Corani project.
  • The Superintendence of Banks of Panama granted temporary permission to Atlantic Security Holding Corporation, a subsidiary of Credicorp Ltd, to continue with the constitution of ASB Bank Corp, and thus subsequently obtain an international banking license.
  • The Canadian company Bear Creek Mining reported that it is slowly returning to the Corani project. The company is currently in the process of obtaining a senior secured credit facility and is also evaluating other financing alternatives for the Corani project.

FRIDAY 04 / 09
  • Auryn Resources Inc. accelerates the purchase of six concessions for the Sombrero gold-copper project in Ayacucho

THURSDAY 03 / 09

  • The US multinational Andean Tower Partners (ATP), with a subsidiary company in our country, obtained a senior secured financing for an amount of US$ 170 million from a bank syndicate led by The Bank of Nova Scotia, from Canada.
  • Agrokasa began the construction of a wastewater treatment plant (WWTP) in the city of Ica that, by 2022, will supply nearly 50% of the water used for the company’s crop risk, thus reducing dependence on groundwater, which today represents nearly 90% of the demand.

WEDNESDAY 02 / 09

  • Terminales Portuarios Peruanos (TPP) bought a piece of land in the port of Callao from the Larrain Vial Real Estate Investment Fund (Fibra LVC II), managed by the Chilean company LarrainVial, for an amount of US$ 20.8 million, said Lexlatin.
  • Gas Natural de Lima y Callao S.A. (Cálidda) received a US$ 100 million credit from BID Invest, part of the BID Group, for the expansion of its natural gas distribution network.
  • Abengoa has a total of 24 subsidiaries for sale that will serve as consideration for the creditors and suppliers that will assume and capitalize their debt within the framework of the restructuring approved last August 6.

TUESDAY 01 / 09

  • To raise C$12.5 million, Aftermath Silver announced a private placement of up to 19,250.oo common shares at C$0.65 per share.
  • Autopista del Norte obtained $350 million in financing.
  • Terminales Portuarios Euroandinos (TPE) will begin expansion of the dock at the port of Paita in September, completing an investment of US$ 200 million.

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CapitalMarkets | Regulations to exercise voting rights of Peruvian securities through custodian services

On February 20, 2020, the official gazette “El Peruano” published Resolution No. 017-2021-SMV/02 which approves regulations for the participation of custodian entities in shareholder meetings or bondholder meetings, in accordance with article 51-B of the Peruvian Securities Market Law (hereinafter, the “Resolution”).   To begin with, it should be remembered

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