BILL CLINTON AND MINING BUDDY IN HAITI

in #politics6 years ago

Frank Giustra

August 11, 2018
7:05 PM

Known for
Lionsgate
Board member of
Clinton Foundation
International Crisis Group

From https://en.wikipedia.org/wiki/Frank_Giustra
2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies. He is the CEO of Fiore Group of Companies

From https://en.wikipedia.org/wiki/Frank_Giustra
securities course and began his career in the investment industry in 1978 with Merrill Lynch as an assistant trader
In 2001 Rob McEwen, Goldcorp founder, and Giustra, purchased Wheaton River Minerals, which was then a junior company. By 2005, as the price of gold rose, Ian Telfer, a "mine entrepreneur...turned an insignificant shell company into a billion dollar gold producer." In 2005 Goldcorp absorbed Wheaton River Minerals.[7] According to Bloomberg News, Wheaton River Minerals was the precursor for both Goldcorp and Endeavour.[4] By 2014, Goldcorp was the world's fourth-largest producer of gold.[8]
"to pursue his philanthropic interests", he became Endeavour's exclusive financial adviser. In that capacity he oversaw the November 2007 merger between Petro Rubiales and Pacific Stratus, creating Petro Rubiales Energy Corporation.[9] The parent company of Endeavour Financial was Endeavour Mining Capital
Giustra began putting together the company later named UrAsia Energy Ltd. with potential investors in 2004.[13][14] In 2005, the company paid $75 million for a 30-percent stake in a Kazakhy uranium mine to Jeffcott Group Ltd., a privately-held company incorporated in the British Virgin Islands.[15] It also paid $350,000 million for a 70-percent stake in two other Kazakhy uranium mines to oligarch Mukhtar Ablyazov.[15] In November 2005, UrAsia’s initial public offering was listed on the Canadian TSX Venture Exchange at a value of more than Can$500 million. In 2007, Giustra sold UrAsia to sxr Uranium One Ltd. in a $3.7- billion reverse merger; the directors of UrAsia received $4 million in stock options each
Giustra was a newcomer to Kazakhstan mining operations and was awarded the rights to buy into the mining ventures because of his connection to Bill Clinton.[5] The article described how Giustra and Clinton arrived on Giustra’s private plane on "the first stop of a three-country philanthropic tour"

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