Canada Fluorspar Inc.

 

NOTE: Golden Gate Capital has successfully completed the acquisition of Canada Fluorspar Inc. Canada Fluorspar will remain headquartered in St. John’s and led by the current management team.

 

Canada Fluorspar (NL) Inc. (CFI), a company 100% owned by Golden Gate Capital, is planning to develop the AGS Project in St. Lawrence, Newfoundland and Labrador, Canada.The current resource estimate of the AGS vein indicates the mine will operate for approximately 10 years. CFI has also identified other fluorspar ore bodies in the vicinity of the AGS, which could be mined after the AGS ore has been exhausted.

 

The fluorspar deposits of St. Lawrence are known for accessibility, high grade and absence of impurities. The Project is located close to major North Atlantic and European shipping routes enhancing its appeal.

 

Golden Gate Capital

 

Golden Gate Capital (GGC) is a San Francisco based private equity firm with over $15 billion in committed capital. GGC’s investments focus on six strategic industry verticals: software, semiconductors and IT hardware, retail and restaurants, industrials, IT and business services, and financial services. GGC’s investment in the industrials sector focuses on mining, minerals and basic materials practice.

 

GGC grows its businesses through capital investments and operational improvements. Currently, Golden Gate holds investments in more than 35 companies across six industry verticals.