representative work

Crystal Peak Closes US$13 Million Loan with EMR

01/20/2020

On January 20, 2020, Crystal Peak Minerals Inc. closed a loan transaction with EMP Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources Fund 1, LP, to invest approximately US$13 million in Crystal Peak. The principal amount of the loan, in whole or in part, is convertible into common shares of Crystal Peak at the option of the holder at a price of $0.055 per common share.

Crystal Peak intends to use the funds to continue development of the Sevier Playa Project through 2020.

Cassels acted for Crystal Peak with a deal team that included Alexander Pizale, Marah S. Smith and Stefan Politano (Securities and Mining), and Peter Sullivan (Banking & Specialty Finance).