KhanLex Advocates advises on a USD 10 million credit to a Canadian-listed Prophecy Coal (Aug 2012)

01 Aug KhanLex Advocates advises on a USD 10 million credit to a Canadian-listed Prophecy Coal (Aug 2012)

KhanLex Advocates advised, in its capacity of a local counsel, Waterton Global Valueon its USD 10 million loan facility to Prophecy Coal Corp. The funds will be used by Prophecy Coal to complete the purchase of the large Tugalgatai coal resource in Mongolia.

Prophecy Coal Corp. is a Canadian listed company engaged in developing energy projects in Mongolia.

Partner Enkhbat led this project. He was supported by partner Batjargal G. on this transaction.

Heenan Blaikie acted as the lead counsel of Waterton Global Value.