San Juan, Puerto Rico— Domenari Capital(«Domenari») is pleased to announce the completion of the sale of the Malmyzh copper-gold porphyry project («Malmyzh») to Russian Copper Company («RCC») by IG Copper LLC («IGC») as defined in the Share Purchase Agreement for a US $200 million consideration. Domenari and its subsidiaries are the third largest shareholder of IGC and hold an aggregate of approximately 12% of the IGC fully diluted equity. Scotiabank Europe plc, the U.K. subsidiary of The Bank of Nova Scotia, is an advisor to IGC regarding the transaction.
About Domenari. Domenari Capital, a privately held Puerto Rico based Act 20 company, is led by its Founder and Managing Partner, T.E. Niko Isaacs. Mr. Isaacs is a board member and part of the founding group of investors for IGC. Domenari has been involved in the finance and capital acquisition requirements for project development since its inception.
About IGC. IGC, a privately held company, is led by President and CEO Thomas E. Bowens, and includes key personnel with a track record of exploration discovery and project development in the Russian Far East.