O'Hagan has a track record managing complex, multi-billion dollar global businesses in a regulated environment with an emphasis on strong corporate governance.
Under the deal being discussed, the roughly 10 banks that were Xiang Guangda’s counterparts for his nickel bet would extend enough credit to cover his mark-to-market losses.
The royalty relates to certain properties at the Valentine project initially granted to Reid Newfoundland Company Ltd. in the early part of the last century.