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Ogier Advises Baker Steel Capital Managers On Mine Sale

Ogier has advised Baker Steel Capital Managers, LLP on the sale of the interest held by Polar Acquisition Limited on behalf of a number of Baker Steel's funds and managed entities, including its London listed fund Baker Steel Resources Trust Limited, in the Prognoz Silver Mine in Russia to Polymetal International PLC for US$72 million. This sale represents the culmination of a number of transactions which Ogier have advised Baker Steel Capital Managers, LLP on in relation to its investment in the Prognoz Silver Mine since the time of Baker Steel's original investment in 2011. Closing of the sale is subject to a...