Vancouver, BC, April 9, 2014 - Waterton Global Resource Management, a Toronto-based private investment firm specializing in the metals and mining sector, has raised US$1 billion for its flagship Waterton Precious Metals Fund II.
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The new private equity fund will target production and late-stage development assets primarily in gold, silver, platinum group metals, copper and other base metals. Through acquisitions, joint ventures and partnerships, the fund targets investments in the $10 to $250 million range, located in politically stable jurisdictions.
Isser Elishis, Managing Partner and Chief Investment Officer of Waterton Global stated, "By combining our disciplined approach to investing, our extensive technical expertise and industry knowledge, and the long-term duration of private equity capital, Waterton Global is uniquely positioned to take advantage of opportunities in the metals and mining space."
Waterton is in the midst of a hostile takeover of Chaparral Gold (TSX:CHL), offering shareholders $0.50 cash per share, a premium of 14.9% over the closing price on February 14, 2014.
Atlantic-Pacific Capital (www.apcap.com (http://www.apcap.com)), the largest privately-owned global placement agent and advisory firm, served as the exclusive agent for the offering.
For more information about Waterton Global Resource Management, please visit the company's website www.watertonglobal.com (http://www.watertonglobal.com) or contact Cheryl Brandon, partner, investment management at info@watertonglobal.com (mailto:info@watertonglobal.com).
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