Norsemont Hires Paradigm Capital as Advisor

Norsemont Mining has notified Peru’s Conasev that it has hired Paradigm Capital to act as its exclusive financial advisor. Canada-based Paradigm’s hiring comes shortly after the miner received unsolicited expressions from third parties interested in buying it. Andrew Partington, a partner at Paradigm, tells LatinFinance that a timeframe has not yet been set as to when deal books will go out. Norsemont had already hired Fraser Milner Casgrain as legal counsel. Norsemont, which is based in Canada and operates the Constancia project in southern Peru, has a market cap of CAD103m.