Solway Group :: SOLWAY INVESTMENT GROUP ANNOUNCES THE SALE OF ITS MACEDONIAN SASA DOO ASSET
9:17am on Wednesday 4th November 2015
SOLWAY INVESTMENT GROUP ANNOUNCES THE SALE OF ITS MACEDONIAN SASA DOO ASSET

Zug. November 4th, 2015. Solway Investment Group announces that it has successfully closed the agreement to sell its Macedonian asset - the SASA lead- zinc mine - to the Orion Mine Finance Group.
The sale is a continuation of Solway's current strategy to concentrate on development of its nickel and copper core assets in Guatemala, Ukraine, Indonesia, Argentina and retain its presence in the Repubic of Macedonia through its investment in Bucim copper mine.
Dan Bronstein, CEO of Solway Investment Group, commented: ”We are sure the Orion Mine Finance Group will successfully take over the mine management and continue development that Solway started in 2006 when it re-launched SASA. Today SASA is one of the largest and most effective mines in Macedonia, but there is plenty of growth opportunities to be pursued.”
Orion partnered with Fusion Capital AG to establish Lynx Resources Ltd to acquire the mine (via its wholly owned subsidiary Lynx Europe SPLLC Skopje). SASA is located in the Makedonska Kamenica Municipality of Macedonia.The transaction represents Orion's first investment in Macedonia and its first partnership with Fusion
Oskar Lewnowski, Chief Investment Officer of the Orion Mine Finance Group, said: "The SASA acquisition is a solid example of our commitment to investing in jurisdictions with a long mining history, and in resilient mines. Solway successfully brought SASA back into production in 2006. We are capitalizing on this opportunity to take the mine to the next level. We look forward to working with the Fusion management team to leverage SASA's long mine-life, high-grade resource and competitive cash-cost position."
Chris James, CEO of Lynx Resources Ltd., commented, "Fusion is pleased to partner with Orion in this significant transaction for Macedonia, and for the zinc and lead mining industry. The SASA mine has a track record of stable and profitable performance, supported by competitive first quartile cash costs. We believe the mine and its employees have a bright future, and Lynx Resources is well positioned to take advantage of an impending tightness in zinc and lead concentrates in the coming years." "
BNP Paribas acted as an exclusive financial advisor to Solway Investment Group on this transaction.

About Solway Investment Group
Solway Investment Group is a private international mining and metals group domiciled in Switzerland. The Group operates mines and smelters in Guatemala, Ukraine, Indonesia and Macedonia, mainly focusing on nickel production. Additionally, Solway has a strong portfolio of mineral projects in various stages of development, which increases its mineral reserves and production capacity, in particular in the Group's nickel segment. The valuation of Group’s assets exceeds 2bn USD as of August 31st 2015.
More information about Solway Investment Group can be found at
http://www.solwaygroup.com

About Orion
The Orion Mine Finance Group is one of the world's leading mining-focused investment businesses with approximately $1.8 billion under management specializing in providing flexible capital investment solutions to mining companies in the base and precious metals sector. Orion has demonstrated capability in debt, equity, convertibles, streaming, and royalty investments. In addition, the Orion Mine Finance team has experience in the physical metals markets, such as facilitating the purchase, metal financing, transporting, processing and selling of a mine's output to end customers.
To learn more about Orion, please visit:
www.OrionMineFinance.com