Karanovic & Partners acted as Serbian legal counsel for Vale Canada Limited on its acquisition of the option to earn-in in four of Mundoro Capital Inc’s exploration licenses in the Timok mining complex.
The earn-in relates to the Sumrakovac, Osnic, Dubrava and Padina properties.
Under the agreement, Mundoro has granted the option to earn up to a 75% interest in the projects over two phases to Vale by funding expenditures of up to USD 45 million.
The Karanovic & Partners team included Senior Partner Dragan Karanovic, Partner Petar Mitrovic, and Junior Associate Katarina Tomic.
