Toro Energy Limited (ASX:TOE) acquired 19.98% stake in Strateco Resources Inc. (TSX:RSC) from Sentient Global Resources Fund 4 and Sentient Global Resources Fund III, L.P. managed by Sentient Group Limited for CAD 18.5 million on October 31, 2014. Under the terms of the agreement, Toro Energy Limited bought 43 million shares by issuing 16 million new Toro Energy Limited shares, convertible notes of CAD 14.1 million by issuing 180.4 million new Toro Energy Limited shares and a CAD 3 million senior secured loan of Strateco Resources Inc. by issuing 38.4 million new Toro Energy Limited shares for CAD 0.1 per share from Sentient Global Resources Fund 4 and Sentient Global Resources Fund III, L.P. In a related transaction, Toro Energy Limited bought 5 million common shares of SeqUr Exploration Inc. by issuing 1.1 million new Toro Energy Limited shares. As on June 11, 2015, Toro Energy issued 59.1 million share to Sentient Group Limited as part of the transaction. Sentient Group Limited has acquire 31.2 million shares at CAD 0.08 per share in private placement. Pierre Lissoir of Gowling Lafleur Henderson LLP acted as legal advisor to Strateco.

Toro Energy Limited (ASX:TOE) completed the acquisition of 19.98% stake in Strateco Resources Inc. (TSX:RSC) from Sentient Global Resources Fund 4 and Sentient Global Resources Fund III, L.P. managed by Sentient Group Limited on October 31, 2014.