KhanLex advised Waterton Global Value on 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.
Heenan Blaikie acted as the lead counsel of Waterton Global Value.
The KhanLex team who worked on this transaction consisted of Enkhbat Batsukh and Khulan Bayarsaikhan.