Investment Summary

Resource Capital Funds Invests In AQM Copper

On May 26, 2011, private equity firm Resource Capital Funds invested in metals/mining company AQM Copper

Investment Highlights
  • This is Resource Capital Funds’ 4th transaction in the Metals/Mining sector.
  • This is Resource Capital Funds’ 1st transaction in Canada.
  • This is Resource Capital Funds’ 1st transaction in Ontario.
Investment Fate
  • AQM Copper was sold to a strategic buyer in 2016 for 35M CAD.

Investment Summary

Date 2011-05-26
Target AQM Copper
Sector Metals/Mining
Investor(s) Resource Capital Funds
Deal Type PIPE

Target

AQM Copper

Toronto, Ontario, Canada
AQM Copper, Inc. is an advanced exploration-stage mining company focused on its 50% interest in the Zafranal copper / gold porphyry project in southwestern Peru. The company has completed an initial resource estimate on Zafranal, and is currently focused on completing preliminary engineering studies and drilling additional target zones.

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Investor(S) 1

Investor

Resource Capital Funds

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Resource Capital Funds is a private equity firm that targets investments in mining companies across a diversified range of commodities and geographies. The Firm will consider funding development stage opportunities, as well as buyouts of operating assets and distressed situations. Resource can commit as little as $2 million and as much as $75 million per transaction. Resource Capital was formed in 1998 and has offices in Denver, Colorado, and Perth, Australia.


DEAL STATS #
Overall 5 of 37
Sector: Metals/Mining M&A 4 of 29
Type: PIPE M&A Deals 2 of 5
State: Ontario M&A 1 of 8
Country: Canada M&A 1 of 17
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-26 Berkeley Energia

Perth, Australia

Berkeley Energia is an exploration and development group with a major land holding and advanced uranium exploration development projects. The company has both wholly owned and joint venture uranium tenements in Western Spain near the Portuguese border. The company is focused on developing a uranium mine on its leases while it negotiates the development on the joint venture leases. Berkeley Energia was founded in 1991 and is based in Perth, Western Australia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 AIDD

Ulaanbaatar, Mongolia

AIDD is a mining services company, has taken delivery of the first of a current order of 3000 meter capacity exploration drilling rigs. AIDD Group signed a contract with Citation Mining Services earlier this year to supply 3 x 3000 meter capacity exploration diamond drilling rigs and 7 x large multipurpose exploration drilling rigs with capacity up to 2000 meters, two were delivered earlier this year and are currently working in Mongolia.

Buy -