Walkers Acts for Royal Road Minerals

Walkers London is pleased to have acted as British Virgin Islands law counsel to Royal Road Minerals on its recent acquisition of Colombian exploration assets from AngloGold Ashanti.

Royal Road Minerals entered into a definitive stock purchase agreement with an affiliate of AngloGold Ashanti Limited to acquire 100% of a title package comprised of mining concession agreements. This included approximately 36,000 hectares of land, and the rights with respect to applications that have been made to acquire mining concessions over approximately 215,000 hectares of land, in prospective mineral belts in the Nariño, Cauca and Antioquia departments of Colombia.

Incorporated in 2010, Royal Road Minerals is a public company, listed on the Toronto Venture Exchange and on the Frankfurt Stock Exchange, with a focus on the discovery of Tier 1 gold and copper deposits where they are most likely and most needed. The company is unique in its approach as first-movers in post-conflict and transitioning environments.

The Walkers London team was led by partner, Neil McDonald, with assistance from associate, James Denham.

Neil McDonaldPartnerT +44 (0)20 7220 4990neil.mcdonald@walkersglobal.com
James DenhamSenior AssociateT +44 (0)20 7220 4978james.denham@walkersglobal.com