Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.
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24 LEXPERT MAGAZINE | JANUARY 2013 BIG DEALS purpose securitization trust, completed a debt financing consisting of the issuance of 1.700 per cent Canada Mortgage Bonds, Series 49, in an aggregate principal amount of $5,000,000,000, which was provided with Canada's sovereign guarantee through Canada Mortgage and Housing Corpora- tion (CMHC). CMHC was represented in-house by Sébastien Gignac, Reem Hindieh and Au- drey Chauvin, who were assisted by Borden Ladner Gervais LLP, counsel to CMHC and special counsel to the trust, with a team that included Rosalind Morrow and Mark Lau (corporate and securities); Stephen Redi- can, Gus Karantzoulis, Tiffany Murray and Jenna Grant (banking and financial services) and Larissa Tkachenko (tax) in Toronto and Johanne omas (civil) in Montreal. In the United States, CMHC and the trust were represented by John Donovan, Sang Ji, Terry O'Brien and Steven Gee of White & Case LLP. e underwriting syndicate for Series 49 was led by e Toronto-Dominion Bank, BMO Nesbitt Burns Inc., CIBC World Mar- kets Inc. and RBC Dominion Securities Inc., and Davies Ward Phillips & Vineberg LLP represented the underwriters, with a team that consisted of Carol Pennycook, Sonny Bhalla and Bradley Ashkin (corporate and securities) and Ron Wilson (tax) in To- ronto, Scott Tayne (corporate and securities) and Candice Turner (tax) in New York. SPROTT PHYSICAL GOLD TRUST COMPLETES FOLLOW- ON PUBLIC OFFERING CLOSING DATE: SEPTEMBER 12, 2012 Sprott Physical Gold Trust (the "Trust") completed a cross-border follow-on pub- lic offering of 26,450,000 trust units (the "Units") at US$14.84 per Unit for gross pro- ceeds of US$392,518,000, which included the exercise in full of the over-allotment op- tion under the offering. e Trust was cre- ated to invest and hold substantially all of its assets in physical gold bullion and provide a secure, convenient and exchange-traded way for investors interested in holding physical gold bullion without the inconvenience that is typical of a direct investment in physical gold bullion. e Trust, which completed its initial public offering on March 3, 2010, has subsequently completed six cross-border follow-on offerings and is managed by Sprott Asset Management LP ("Sprott"), a wholly owned subsidiary of Sprott Inc. e Units are listed on NYSE Arca and the Toronto Stock Exchange. e offering was made simultaneously in the United States and Canada through a syndicate of underwriters led by RBC Capi- tal Markets and Morgan Stanley. e under- writers for the offering in Canada also includ- ed TD Securities Inc., Canaccord Genuity Corp., National Bank Financial Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd. and Sprott Private Wealth LP. Canadian counsel to the Trust and Sprott was Heenan Blaikie LLP, with a team that included Sonia Yung and Ora Wexler (securi- ties) and Peter Clark and Catherine Nichol- son (tax). US counsel to the Trust and Sprott was Seward & Kissel LLP, with a team that included Anthony Tu-Sekine and Alexandre Rourk (securities) and Jim Cofer (tax). Canadian counsel to the underwriters was Davies Ward Phillips & Vineberg LLP, with a team comprising Shawn McReynolds, Robert Murphy and Chris Figel (securities) and Ron Wilson and Neal Armstrong (tax). US counsel to the underwriters was Paul, Weiss, Riind, Wharton & Garrison LLP, with a team comprising Christopher Cummings, Stephen Centa, Philippe Savard and Brad Goldberg (securities) and David Mayo (tax). ROINS FINANCIAL SERVICES ACQUIRES L'UNION CANADIENNE FROM CO-OPERATORS CLOSING DATE: OCTOBER 1, 2012 Co-operators General Insurance Company completed its sale of the shares of L'Union Ca- nadienne, Compagnie D'Assurances to Roins Financial Services Limited, parent company of Royal & Sun Alliance Insurance Compa- ny of Canada for $150,000,000 on October 1, 2012. L'Union Canadienne, Compagnie d'Assurances is a major property and casualty insurance company. RSA Canada was represented by Robin Richardson, its General Counsel; Melissa Abramowitz, Senior Legal Counsel; and Luke Sawicki, Legal Counsel; who were as- sisted by McMillan LLP with a team led by Chris Germanakos and including Andrew Walker, Assunta Di Lorenzo, Carol Lyons, Bruce McWilliam and Enda Wong (corpo- rate, mergers & acquisitions); David Went- zell (tax); Mark Opashinov (regulatory); Da- vid Ross (real estate); David Elenbaas (labour and employment) and Mark Rowbotham (pension and benefits). 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