The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.
Issue link: https://digital.carswellmedia.com/i/1480531
Big Deals COMPILED BY ZENA OLIJNYK AND KIEZZSA CRUZ > MINING DEALS SANDSTORM GOLD ACQUIRES NOMAD ROYALTY CLOSING DATE: AUGUST 15, 2022 On August 15, 2022, Sandstorm Gold Ltd. completed the acquisition of Nomad Royalty Company Ltd. pursuant to a plan of arrangement under the Canada Business Corporations Act. Sandstorm issued approximately 74.4 million common shares of Sandstorm to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm shares for each common share of Nomad. With completion of the acquisition, existing Sandstorm and former Nomad share- holders own approximately 73 percent and 27 percent, respectively, of the outstanding shares of Sandstorm. Cassels Brock & Blackwell LLP acted for Sandstorm with a deal team that included Jennifer Traub, Jen Hansen, Jeffrey Roy, Jasmine Qin, and Aamir Chherawala (Securities, M&A and Mining); Alex Iliopoulos and Darrell Podowski (Mining); Jennifer Wasylyk and David Budd (Banking & Specialty Finance and Mining); Corinne Grigoriu, Jocelyn Arnason (Tax), Davit Akman, Tegan O'Brien, and Olivia Ells (Competition & Foreign Investment); Stephanie Voudouris, John Picone, and Andrea Gorys (Litigation); Laurie Jessome (Employment & Labour); and Priya Gill (Articling Student). Neal Gerber & Eisenberg acted as US counsel for Sandstorm with a deal team that included John Koenigsknecht, Betsy elen, and Elain Taussig. Fasken acted for Nomad with a deal team that included Marie-Josée Neveu, Sébastien Bellefleur, Julien Fournier, and Laura Fabi. Jenner & Block LLP acted as US counsel for Nomad with a deal team that included Martin Glass and Kristen M. Iglesias. ORLA MINING ACQUIRES GOLD STANDARD CLOSING DATE: AUGUST 12, 2022 On August 12, 2022, Orla Mining Ltd. completed the acquisition of Gold Standard Ventures Corp. by way of court-approved plan of arrangement. Under the terms of the transaction, former Gold Standard shareholders received, in exchange for each Gold Standard common share held immediately prior to the effective time of the transaction, 0.1193 of a common share of Orla and $0.0001 in cash. As a result of the completion of the transaction, Orla acquired all of the issued and outstanding Gold Standard shares and Gold Standard became a wholly-owned subsidiary of Orla. Cassels Brock & Blackwell LLP acted for Orla with a deal team that included Jen Hansen, Jeffrey Roy, Jonathan Chandler, and Reza Sarsangi (Securities, M&A and Mining); Jennifer Wasylyk and Jessica Gnitt (Banking & Specialty Finance and Mining); Zahra Nurmohamed, Tera Li Parizeau, and Ashley Jung (Tax); Davit Akman, Tegan O'Brien, and Olivia Ells (Competition & Foreign Investment); Caitlin Russell (Employment & Labour); Stephanie Voudaris, John Picone, and Jessica Lewis (Litigation); and Andy Pike, Rosina Jagore, and Jessica Kotsopoulos (Corporate Services). Neal Gerber & Eisenberg acted as US counsel for Orla with a deal team that included John Koenigsknecht and Elain Taussig. Dorsey & Whitney LLP acted for Gold Standard with a deal team that included Randal Jones and Stephanie Gambino. Blake Cassels & Graydon LLP acted for Gold Standard with a deal team that included Bob J. Wooder, Susan Tomaine, and Darren Whitehouse. NORTH AMERICAN NICKEL CLOSES PREMIUM NICKEL RESOURCES REVERSE TAKEOVER CLOSING DATE: AUGUST 3, 2022 On August 3, 2022, North American Nickel (NAN) completed its reverse takeover transaction with Premium Nickel Resources Corporation (PNR), including its approximate US$27-million concurrent private placement. PNR and 1000178269 Ontario Inc., a wholly-owned subsidiary of NAN, amalgamated by way of a triangular amalgamation under the Business Corporations Act (Ontario). On closing, 4,223,600 subscription receipts of NAN, which were issued on April 28, 2022, pursuant to a brokered private placement for gross proceeds of approximately $10.1 million, were converted into 4,223,600 common shares NAN. Following the closing of the RTO, NAN changed its name to "Premium Nickel Resources Ltd.," its common shares were listed on the TSX Venture Exchange under the symbol "PNRL," and its board of directors was reconstituted. NAN (now PNRL) is a Canadian mineral exploration company with 100-percent owned properties in Maniitsoq, Greenland, 28 www.lexpert.ca