K&L Gates Advises Sunridge Gold Corp. on Sale of 60% Interest in Asmara Mining Share Company
As part of the deal, Sichuan Road & Bridge Mining Development Corp. assumed the obligation to pay Sunridge Gold Corp. the remaining principal of the deferred payment of US$13.33 million owed to Sunridge by Eritrean National Mining Corporation.
K&L Gates’ team on the deal was led by Beijing partner Frank Voon, who was supported by Hong Kong partners Michael Chan and Sacha Cheong, and associate Iris Bi. K&L Gates advised Sunridge on Hong Kong law and provided transaction support from a Chinese-law perspective.Toronto-listed Sunridge Gold Corp. is a mineral exploration and development company focused on the exploration, discovery, and development of base and precious metal projects on the Asmara Project in Eritrea.
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