Torex Gold Resources completes US$375M project finance facility

Torex Gold Resources Inc., through its subsidiary Minera Media Luna, S.A de C.V., signed a credit agreement dated as of August 6, 2014, with BMO Harris Bank N.A., BNP Paribas, Commonwealth Bank of Australia, ING Bank N.V., Société Générale, and The Bank of Nova Scotia on a syndicated senior secured US$375 million project finance facility that is due to mature June 30, 2022.

The loan facility will be used for the development of the El Limon-Guajes Project, located on Torex’s 100 per cent owned Morelos Gold Property in Mexico.

With the completion of the loan facility, the development of the Project as currently proposed is fully financed.

Cassels Brock & Blackwell LLP acted as Ontario Counsel to Torex with a team that included Jay Goldman (securities) and David Budd, Peter Sullivan, Patience Omokhodion, Jenny Reed and Keri Wallace (financial services). Sanchez Mejorada, Velasco y Ribé acted as Mexican Counsel to Torex with a team that included Rodrigo Sánchez- Mejorada Raab (Sr.), Rodrigo Sánchez Mejorada Velasco (Jr.) and Paola Salgado Tonda. Loyens & Loeff Luxembourg S.À R.L. acted as Torex’s Luxembourg counsel with a team that included Frédéric Franckx and Tina Fettes.

Fasken Martineau DuMoulin LLP acted as Ontario Counsel to the Banks, with a team including John Torrey, Dave Ferris, Tom Meagher, Samantha Alfonzo and Dev Singh. Ritch Mueller, S.C. acted as Mexican Counsel.

Lawyer(s)

Jay Goldman David Budd Peter J. Sullivan Patience Kalu Omokhodion John W. Torrey David H. Ferris Thomas M. Meagher Samantha Alfonzo Dev Singh