We acted as Canadian counsel to SolGold in the US$59 million investment by BHP Billiton. The investment gave BHP 100 million new shares in SolGold and the right to appoint a director. The investment gives BHP an 11.2% interest in the company. SolGold’s flagship project Cascabel, a copper‐gold porphyry project, is located in northern Ecuador on the under‐explored northern section of the richly endowed Andean Copper Belt. SolGold is listed on the TSX and LSE.