On May 22, 2019, Adventus Zinc Corporation (TSXV: ADZN) (OTCQX: ADVZF) announced that it had closed its previously announced non-brokered private placement of common shares, representing total gross proceeds of approximately $12.1 million.
Unionar S.A., a subsidiary of Consorcio Nobis S.A. (the "Nobis Group"), one of Ecuador's largest private business conglomerates, was the largest participant in the offering, which also included Adventus Zinc's existing strategic shareholders.
Toronto-based Adventus Zinc is a well-financed exploration and project development company, focused in Ecuador. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Resource Capital Funds, Wheaton Precious Metals Corp and the Nobis Group of Ecuador.
Denis Silva and Tara Amiri of Gowling WLG advised Adventus with respect to this transaction.
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