Advising mineral explorer and developer on consolidation of tenure position by way of cash and scrip acquisition

Unico Silver Limited (formerly E2 Metals Limited (E2)) is an Australian exploration and development company, primarily concerned with making new discoveries in South America, focussing on the Santa Cruz area of southern Argentina.

Piper Alderman assisted in all aspects of the proposed acquisition, including due diligence, purchase documentation, ASX shareholder approval requirements and ASIC regulatory relief to facilitate the transaction.

As one of largest undeveloped silver and gold resources in the Santa Cruz province of Argentina, the Pinguino Project is strategically located 15km north of E2’s flagship Conserrat Project. As a result, the acquisition is important for E2 as it enabled E2 to consolidate the two adjacent silver and gold districts and provides E2 with an immediate NI 43-101 resource base and significant upside potential through resource expansion.