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Russian Management Group Acquires OPALO Gold Concession in Chile

Editorial Checklist

Reviewed

May 3 2017

OPALO, a fully registered gold concession in Chile, comprising a property with inferred gold resources of close to 7 million ounces, was recently acquired by a Russian management group led by Rauf Kasumov. The OPALO transaction was executed at the Chilean consulate in Moscow.

In the last decades, Chile has been a preferred destination for international mining companies such as BHP Billiton, Anglo American, Freeport McMoran and Barrick Gold.

Among Mr. Kasumov's successful professional endeavours is his key role participation in the construction of Akkuyu Nuclear Plant in Turkey, the largest investment to date in the country.

UFP Capital SA ("UFP"), a subsidiary of United First Partners, a global special situations group, is acting as the exclusive advisor of Mr. Kasumov. UFP will entertain discussions with relevant industrial and financial partners in the near term to prepare a coherent value creation plan for OPALO.

Source:

http://www.utdfirst.com/

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