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
www.lexpert.ca 31 Court of British Columbia and the approval by Orca's shareholders, option-holders, and holders of share rights. e estimated value for the Arrangement was approximately $215 million. Blake Cassels & Graydon LLP acted as counsel for Orca with a team led by Susan Tomaine, which included Chelsea Hunter, Michael Barrett, and Matthew Santillo (Securities/M&A); Marie-Claire Dy and Dirk Van Ommen (Tax); Michael Howcro (Employment); and Alexandra Luchenko and Isaias Loten (Litigation). Fasken acted as Canadian counsel for Perseus with a team led by Vanessa McMinn, which included Richard Steinberg, Martin Ferreira Pinho, and Zaira Petruf. Corrs Westgarth Chambers acted as Australian counsel for Perseus. ELECTRIC ROYALTIES CLOSES $3.45-MILLION MARKETED PUBLIC OFFERING CLOSING DATE: MAY 12, 2022 On May 12, 2022, Electric Royalties Ltd. (the "Company") announced the closing of its previously announced marketed public offering (the "Offering") pursuant to which the Company issued 11,500,000 units of the Company (the "Units") at a price of $0.30 per Unit (the "Offering Price") for aggregate gross proceeds of $3,450,000, including 1,500,000 Units issued at the Offering Price for gross proceeds of $450,000 in connection with the full exer- cise of the over-allotment option granted to the agents under the Offering. e Company intends to use the net proceeds from the Offering for funding potential future acquisitions of royalties and other interests, targeting commodities that enable the clean energy transition, such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc, and copper, as well as for working capital and general corporate purposes. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commod- ities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc, and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large-scale energ y storage, renewable energ y generation, and other applications. McCarthy Tétrault LLP advised Electric Royalties Ltd. with a team led by Robin Mahood that included Gerald Gaunt, Simran Choongh, and Kyle Riddell (Business). Dorsey & Whitney LLP served as joint counsel to Electric Royalties. Cassels Brock & Blackwell LLP served as opposing counsel. FARADAY COPPER COMPLETES $20-MILLION PRIVATE PLACEMENT OFFERING CLOSING DATE: MAY 5, 2022 On May 5, 2022 , Faraday Copper Corp. ("Faraday Copper") completed its $20-million private placement offering. Pursant to the private placement, Faraday Copper issued 25,000,000 common shares at $0.80 per share for proceeds of $20 million. Faraday Copper intends to use the proceeds to advance its Copper Creek and Contact Copper projects, and for general working capital purposes. Faraday Copper is a Canadian explor- ation and development company focused on advancing two copper projects located in the United States. McCarthy Tétrault LLP advised Faraday Copper with a team led by Roger R . Taplin that included Claire Lehan and Jordan Chu (Business). JOSEMARIA RESOURCES SELLS TO LUNDIN MINING FOR $625 MILLION CLOSING DATE: APRIL 28, 2022 On April 28, 2022, Josemaria Resources Inc. ("Josemaria Resources") completed the $625-million acquisition by Lundin Mining Corporation ("Lundin Mining"). e transaction was completed by plan of arrangement (the "Arrangement") to acquire all of the issued and outstanding shares of Josemaria Resources. Under the terms of the Arrangement, Josemaria Resources shareholders were provided the right to elect to receive 0.1487 of a common share of Lundin Mining (each whole share, a "Lundin Mining Share") per Josemaria Resources common share ("Josemaria Resources Share") plus $0.11 for each whole Lundin Mining Share issued to such shareholder or $1.60 in cash for each Josemaria Share or any combination thereof, subject to pro-ration of a total maximum cash consideration of approximately $184.5 million and a total maximum of approximately 40 million Lundin Mining Shares. Blake Cassels & Graydon LLP acted as counsel for Josemaria Resources with a team led by Peter J. O'Callaghan that included Trisha Robertson, Victoria Craib, and Dafydd Samuel (Securities/M&A); Sean Boyle and Alexandra Luchenko (Litigation & Dispute Resolution); and Kevin Zimka (Tax). Lundin Mining was represented inter- nally by Andrew Hastings, senior vice presi- dent and general counsel. Cassels Brock & Black well LLP acted as external counsel for Lundin Mining. Fasken acted as counsel for Lundin Mining – Special Committee.