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
30 www.lexpert.ca Big Deals COMPILED BY ZENA OLIJNYK AND KIEZZSA CRUZ > MINING DEALS mid-tier gold miner and significantly enhanced its portfolio of operations by adding a high-grade producing asset in a world-class jurisdiction. Bennett Jones LLP acted as counsel for Osisko Development Corp., with a team that included Sander Grieve, Andrew Disipio, A li Naushahi, Sarah Harper, Jeff Taylor, Kristin Ostler, and Oleg Shcheglov (Corporate, Mergers & Acquisitions, Securities, Capital Markets + Mining); Simon Grant (Banking + Finance); and Thomas Bauer, Phil Ward, Hyacinthe Hug uet, and Nicholas Arrigo (Tax). Osler Hoskin & Harcourt LLP acted as counsel to IG Tintic LLC, with a team that included A lan J. Hutchison (Corporate Finance + Securities), Patrick Sullivan (Mining, Mergers & Acquisitions, Capital Markets), and Natalie Holtby (Corporate Finance + Securities). Parr Brown Gee & Loveless LLP acted as US counsel to Ruby Hollow and Emerald Hollow, with a team that included Matthew Jensen (Natural Resources, Water, Mining, Energ y, Commercial Litigation, Appeals) and Jordan Toone (Business and Finance, Corporate Finance, Corporate Structure, Organizations and Governance, International Services, Mergers, Acquisitions, and Divestitures, Private Equity Fund Formation). Stikeman Elliott LLP acted as Canadian counsel to Ruby Hollow and Emerald Hollow, with a team that included Jay C. Kellerman (Mining, Capital Markets, Securities, Mergers & Acquisitions) and Omar Soliman (Mergers & Acquisitions, Capital Markets, Securities). Holland & Hart LLP acted as US counsel to Osisko Development with a team that included Angela Franklin (Energ y & Resources) and Billi McCullough (Project Development & Finance in Energ y & Resources industry). KGHM INTERNATIONAL SELLS 100-PERCENT SHARES OF SCM FRANKE TO MINERA LAS CENIZAS CLOSING DATE: MAY 25, 2022 On May 25, 2022, KGHM International Ltd. completed the sale of 100 percent of its shares of SCM Franke, the owner of the Franke Mine, near Copiapó, Chile, to Minera Las Cenizas S.A., for fixed and contingent cash consideration of up to approximately US$50 million. KGHM International Ltd. is a global leader in the extraction and processing of valuable metals. McCarthy Tétrault LLP advised KGHM International Ltd. with a team led by Shawn Doyle that included Peter Quon (Business) and Raj Juneja (Tax). SG AMERICAS SECURITIES' INCREASES FUNDS FOR DEVELOPMENT OF BLOOM LAKE PHASE II EXPANSION PROJECT CLOSING DATE: May 24, 2022 In May 2022, SG Americas Securities, LLC increased its existing credit facilities from US$200 million to US$400 million. e refinancing will be used to finance the development of the Bloom Lake Phase II expansion project. e previous 2020 financings marked the first EP4 (Equator Principles) compliant project financing to reach financial closing in Canada. EP4 is a global risk management framework providing a common baseline and framework for financial institutions to identify, assess, and manage environmental and social risks when financing projects. e credit facility is available by way of a US$400-million revolving facility. e borrower is further supported by subordinated debt instruments, which are managed through complex subordination and intercreditor arrangements between the borrower, the senior lenders, and the subordinated lenders. Norton Rose Fulbright Canada LLP advised SG Americas Securities, LLC on the refinancing. e team was led by Alison Babbitt (Ottawa) and included Evan Cobb (Toronto), Meaghan Farrell (Ottawa), Rashid Timbilla (Ottawa), Jean-Philippe Pelletier (Quebec), Kit Man Cheng, Justin Goushas, and Shen Low (all Sydney, Australia). McCarthy Tétrault LLP represented the borrower. Cox & Palmer provided NFLD legal advice for the lenders. Ashurst LLP served as Australian counsel and Stewart McKelvey served as NFLD counsel for the obligors. ORCA GOLD ACQUIRED BY PERSEUS MINING CLOSING DATE: MAY 19, 2022 On May 19, 2022, Orca Gold Inc. ("Orca") completed a plan of arrange- ment (the "Arrangement") with Perseus Mining Limited ("Perseus") and Perseus's wholly-owned subsidiary, Perseus Canada Holdings Ltd. (the "Purchaser") pursuant to which the Purchaser acquired all issued and outstanding shares of Orca (the "Orca Shares") and, in exchange, Perseus issued an aggregate of 125,278,266 ordinary shares to the holders of Orca Shares on the basis of 0.56 of a Perseus Share for each Orca Share held at the time of Arrangement. e Arrangement was completed following the receipt of a final order from the Supreme