Mubadala Investment Company purchases US$130M convertible notes from Equinox Gold

Date Closed

April 11, 2019

Lead Office

Toronto

On April 11, 2019, Mubadala Investment Company ("Mubadala") completed the previously announced purchase of US$130 million of 5% convertible notes from Equinox Gold Corp. ("Equinox"). Equinox used the proceeds from the investment to refinance a portion of its corporate and project debt, for general and working capital purposes and towards construction at its Castle Mountain project. The notes are convertible into common shares of Equinox at Mubadala's option at a price of US$1.05 per share.

Mubadala is an investment firm owned by the Government of Abu Dhabi with more than US$200 billion of assets under management.

Equinox is a Canadian mining company with a multi-million-ounce gold reserve base, gold production from its Mesquite Gold Mine in California and its Aurizona Gold Mine in Brazil, and near-term production from a mine in California under construction.

McCarthy Tétrault LLP advised Mubadala with a team led by Roger Taplin that included Karl Tabbakh, Fraser Bourne and Konstantin Sobolevski (Business), and Christopher Langdon, Christopher Zawadzki and Taha Qureshi (Financial Services).

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