Maxit Capital LP provides fairness opinions and acts as financial advisor to Solitario and Ely Gold  

 

August 25, 2015

On August 25, 2015, Solitario Exploration & Royalty Corp. (Solitario) and Ely Gold & Minerals Inc. (Ely Gold) closed an agreement to sell their combined interests in the Mt. Hamilton gold project to Waterton Nevada Splitter, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, for total cash proceeds of US$30 million.

Maxit Capital LP acted as financial advisor to Solitario and Ely Gold and provided fairness opinions to both. McMillan's Robbie Grossman and David Andrews (securities) acted for Maxit Capital LP on the transaction.

Maxit Capital LP is an independent advisory firm with expertise in mergers and acquisitions with a particular capability in mining transactions.