Canadian Imperial Bank of Commerce entered into a loan transaction on January 26, 2007 to provide a US$150 million revolving loan to Aur Resources Inc., secured by a cash collateral in Chile held by Aur's wholly owned subsidiary, Aur QB Inc. (operating through its Chilean branch, Aur QB Inc. Agencia Chile).
Aur was represented by in-house counsel Peter McCarter with assistance from Kevin Rooney, Jim Russell and Lorri Charnetski of Heenan Blaikie LLP in Toronto, Rafael Vergara, Maria Paz Cerda and Alex Fischer of Carey y Cía. Ltda. in Chile and Louise MacDougall of Truman Bodden & Company in the Cayman Islands.
CIBC was represented by Ogilvy Renault LLP with a team comprised of Jacques Demers and Merie-Anne Beavis with assistance in Chile from Rodrigo Ochagavia, Jorge Martin and Jorge Carraha of Claro y Cia. Ltda.