Mining and Natural Resources

EMR Capital in its announced agreement to acquire the Cerro Colorado mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper.

Osler is representing EMR Capital in connection with its announced acquisition of the Cerro Colorado copper mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper. The sale is subject to financing and...

Lead Office: Vancouver Date Closed: -- Value: US$320 million

Probe Metals Inc. in connection with its $14 million bought deal private placement

On May 22, 2018, Probe Metals Inc. announced it had entered into an agreement with Sprott Capital Partners, on behalf of a syndicate of underwriters, to purchase $14 million of securities on a bought deal private placement basis. The offer consists of flow through and non flow-through...

Lead Office: Montréal Date Closed: June 19, 2018 Value: $14 million

Sphinx Resources Ltd. in its Private Placement for approximately $260,000

On June 15, 2018, Sphinx Resources Ltd. announced it has closed a non-brokered Private Placement for aggregate gross proceeds of approximately $260,000. The Private Placement consisted of 5,000,000 common shares and 150,000 flow-through common shares. The net proceeds will be used by Sphinx...

Lead Office: Montréal Date Closed: June 15, 2018 Value: $260,000

Special Committee of the Board of Directors of Polaris Materials Corp. in its sale to U.S. Concrete, Inc. for $310 million

On November 17, 2017, U.S. Concrete, Inc. completed the acquisition of Polaris Materials Corporation for approximately $310 million. U.S. Concrete’s unsolicited interloping bid terminated the previously announced friendly $252 million acquisition by Vulcan Materials. Osler advised the...

Lead Office: Toronto Date Closed: November 17, 2017 Value: $310 million

Lenders and underwriters in the acquisition of Dominion Diamond Corporation by Washington Companies Corp.

On November 1, 2017, Washington Companies (“Washington”) announced it completed its acquisition of Dominion Diamond. Washington acquired all of Dominion’s outstanding common shares for US$14.25 per share in cash - a total equity value of approximately US$1.2 billion....

Lead Office: Toronto Date Closed: November 1, 2017 Value: US$1.2 billion

BMO Capital Markets in connection with the offering on a bought deal private placement basis of an aggregate issue amount of $10,000,260 Subscription Receipts of Cordoba Minerals Corp.

On July 31, 2017, Cordoba Minerals Corp. (“Cordoba”) announced the completion of its acquisition of a 51% interest in the San Matias Joint Venture from High Power Exploration Inc. (“HPX”) through the acquisition of the shares of a wholly-owned subsidiary of HPX (the...

Lead Office: Toronto Date Closed: July 31, 2017 Value: $10 million

Brookfield Capital Partners Ltd., lenders to Stelco Inc., in its CCAA proceedings

On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion...

Lead Office: Toronto Date Closed: June 30, 2017 Value: $2 billion

China Gold International Resources Corp. in its US$500 million bond offering

On June 27, 2017, China Gold International Resources Corp. and its wholly-owned subsidiary, Skyland Mining (BVI) Limited, issued US$500 million principal amount of 3.25% unsubordinated unsecured corporate bonds, with a maturity date of July 6, 2020. China Gold International Resources Corp. Ltd. is...

Lead Office: Vancouver Date Closed: June 27, 2017 Value: US$500 million

The underwriters in a $1.44 billion offering by First Quantum Minerals Ltd.

On June 4, 2015, First Quantum Minerals Ltd. completed its sale of 76,923,000 common shares of First Quantum at a price of $16.25 per common share to raise gross proceeds of $1.25 billion. The underwriters exercised their over-allotment option in full, bringing the aggregate gross proceeds to First...

Lead Office: Toronto Date Closed: June 4, 2015 Value: $1.44 billion

Counsel to Dumas Holdings Inc. in connection with the receivership proceedings of the Tercon Group

Counsel to Dumas Holdings Inc. in connection with the receivership proceedings of the Tercon Group commenced by Dumas in the Supreme Court of British Columbia under the Bankruptcy and Insolvency Act and the British Columbia Law and Equity Act. The Tercon Group, subsidiaries of Dumas, are a...

Lead Office: Toronto Date Closed: -- Value: $42 million