Los Andes Copper Ltd. sells royalty on Vizcachitas Project in Chile

On June 25, 2020, Los Andes Copper Ltd. (TSXV: LA) announced that it had sold a net smelter return ("NSR") royalty to Resource Capital Fund VI L.P. ("RCF VI") for a total price of US$14 million.

The royalty is calculated over the sale of all locatable minerals produced from the Santa Teresa 1/60, Santa Maria 1/60 and San Cayetano 1/20 exploitation concessions that form part of Los Andes Copper's Vizcachitas Project in Chile. Under the royalty, RCF VI will receive a 2.00% NSR for open pit operations and a 1.00% NSR for underground operations.

Los Andes Copper is a Canadian company focused on developing the Vizcachitas copper-molybdenum porphyry project in Chile.

Gowling WLG advised Los Andes Copper with respect to this sale with a team that included Brett Kagetsu and Jill Dunn (corporate), Tim Ross (financing) and Brent Kerr (tax).