Norton Rose Australia is advising Hong Kong-based Junefield Limited on investments in South American mining with a combined value of $52 million.
Under the transaction, Junefield will acquire up to 16.8 per cent of ASX-listed, South American-focussed exploration and resource development company Latin Resources Limited.
Junefield will also take an option to purchase up to 70 per cent of Latin Resources' Mariela and Dylan concessions in Arequipa province, Peru, by funding all activities up to completion of the Bankable Feasibility Study or to a total cost of $35 million.
The NRA team included corporate finance partner James Stewart, senior associates Neil McCann and Roger Hawkins, associates Jing Li and Terri Francis, and Viet Nguyen. Other firms that acted included Estudio Muñiz (Junefield's Peruvian lawyers) and Bowen Buchbinder Vilensky & Oriheula for Latin Resources.
Latin Resources reports that the Mariela and Dylan concessions have significant potential for iron, copper and gold mineralisation.
The placement funds will be used to accelerate the activities of Latin Resources' Gaudalupido Iron Sands Project in Peru.