Business
Andean American Retains WestLB in Advisor Agreement and PCM in Sales Agency Agreement
Andean American Retains WestLB in Advisor Agreement and PCM in Sales Agency Agreement
About this update from Regulus Resources Inc
[{"type":"text","content":"\nAndean American Retains WestLB in Advisor Agreement and PCM in Sales Agency Agreement\n\n\n Aug. 6, 2009 (Filing Services Canada) -- Andean American Mining Corp. (AAG - TSX Venture, AQN - FWB), is pleased to announce the signing of an advisor agreement with WestLB AG, New York Branch ('West LB'). The agreement appoints WestLB to act as Financial and/or Technical Advisor in connection with the development and financing of the Invicta Gold-Copper-Silver project in Peru.The agreement covers two phases* Phase I:\tInitial Financing, Project Analysis, Validation of Feasibility Study* Phase II:\tTake-out Financing, Structuring, sourcing and evaluation of debt financing proposals for the Project. In Phase II WestLB might also provide Senior Debt Financing for the project subject to internal credit approval and due diligence. WestLB is a Global Project Finance house and a market leader in mining financing. It offers the full range of products and services of a universal bank, focusing on lending, corporate and structured finance, capital market and private equity products, and transaction services. WestLB's Metals and Mining team incorporates years of sector experience, with the institution global reach and local knowledge to deliver advisory, risk management and corporate and structured finance products in a timely, consistent and reliable manner. In 2009 alone, the Metals & Mining Group has Lead Arranged transactions amounting to over USD 1 billion in the sector.WestLB has assigned a very senior and experienced team to the advisory and arranger role for the Invicta project. It is anticipated this assignment may require 12 weeks to complete. This is an exclusive role for WestLB during the term of the assignment.Andean American is also pleased to advise the execution of a Sales Agency Agreement with Physical Commodities Merchants LLC (PCM), a Delaware Company, and its principal Mr. David Kaplan.The agreement is for sales arranged for products produced or to be produced at the proposed Invicta Mine, located in Peru. PCM will act as the exclusive Agent of Andean American and on behalf of Andean American as a disclosed principal. This agreement was executed July 14, 2009.PCM is a metals trading firm based in CT, USA which specializes in advising mining companies in the placement of their product to the market. PCM has substantial industry...