In 2011, Black Legend Capital acted as a consulting advisor and investor in the public listing and capital structure efforts of a U.S. publicly traded holding company, Borneo Resource Investments. The company had an investment portfolio comprising proven precious metals and natural resource assets in the Republic of Indonesia. At the time of the transaction, Borneo targeted a total concession platform of 250,000 hectares and used to be one of the largest concession owners in the region.
Borneo’s natural resource portfolio included three gold properties, and several concessions with high quality thermal and steaming coal for use in power generation facilities.