Adventus and Luminex Announce Merger to Create a Growth-Focused Copper-Gold Company in Ecuador Christian Kargl-Simard (President, CEO & Director of Adventus) and Marshall Koval (CEO & Director of Luminex) are pleased to present an overview of the proposed merger, followed by a Q&A session. Please register and login ahead of the 12:00pm ET start on Wednesday, November 22, 2023.
Wed, November 22, 2023 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting discussed the merger between Adventus Mining and LuminEx, highlighting the strategic benefits of the transaction, particularly focusing on the El Domo project in Ecuador. The CEOs of both companies presented the details of the merger, including financial aspects, project updates, and future plans. Key Discussion Points - Introduction of the merger between Adventus Mining and LuminEx. - Overview of the El Domo project and its significance as a high-grade copper project. - Discussion on the strategic transactions Adventus has explored throughout 2023. - Financial highlights, including project financing and expected returns. - Details on the combined shareholder bases and management structure post-merger. - Updates on the Condor project and recent drilling successes. - Overview of community relationships and commitment to CSR and ESG. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Finalize the merger transaction ...
Christian Kargl-Simard is a professional engineer with over 19 years of experience in the mining industry, having worked both in technical and finance roles. Prior to starting Adventus, he worked for 10 years in investment banking roles at Raymond James Ltd. and Haywood Securities Inc. During his tenure in investment banking, Christian was involved in financings raising more than $7 billion, and he assisted in completing over 35 M&A transactions. Christian also worked for Dynatec Corporation in Fort Saskatchewan, Alberta up to its sale to Sherritt International Corp. in 2007, both in metallurgical engineering and corporate development roles. Christian is a professional engineer (Canada) and holds a B.A.Sc. degree in Metallurgical Engineering from the University of British Columbia.
Christian is also non-executive chairman of Surge Copper Corp.(SURG : TSXV) and a non-executive director of Archer Exploration Corp. (RCHR : CSE).
VP Corporate Development at Adventus Mining Corporation
Replay transcript excerpt
Speaker 1: Hello everyone and welcome to Adventus Mining's live event hosted by 6. I'm pleased to introduce their speakers for today, Christian Cargos-Amart, Speaker 1: President and CEO of Adventus Mining, and Marshall Colvon, CEO of LuminEx. Speaker 1: They will discuss the news that was released today and after that we'll be accepting questions. As a reminder, you can submit your questions in the chat at any point during the conversation in the bottom right corner of your screen. Speaker 1: As always, the summit is being recorded and will be available on SIX.com Speaker 1: to watch afterwards. Speaker 1: So without further ado, I'll hand things over to you, Christian, to kick things off. Speaker 2: Thank you, Kyle. I'm super pleased to be here with Marshall Speaker 2: to roll out this very exciting transaction as a combination between Adventus Speaker 2: and Luminex. Speaker 2: Both these companies have been operating in Ecuador for the last approximately Speaker 2: 6 years. Speaker 2: We have very complimentary assets that are copper gold, gold copper across the portfolio. Speaker 2: And we think we create a leading company in Ecuador with the next mine to be built in El Domo Speaker 2: and future mines within our pro forma portfolio. Speaker 2: Adventus has been Speaker 2: reviewing strategic transactions Speaker 2: throughout 2023 Speaker 2: in light of difficult market conditions Speaker 2: And we've been looking at all sorts Speaker 2: of transactions Speaker 2: from strategic investments, sale of the company, mergers Speaker 2: and other types. Speaker 2: This is a culmination of many months of hard work and we believe this is the best transaction Speaker 2: for our shareholders. Speaker 2: Marshall and I started talking in September of this year at the Beav...
