30 LEXPERT MAGAZINE
|
JULY/AUGUST 2016
BIG DEALS
President and General Counsel, and Cam-
eron MacDonald, Assistant Vice President,
Corporate and Divisional Law.
Kevin Wong, Phill Hall and Samuel Lee
(capital markets) from Linklaters Singa-
pore Pte. Ltd. and David Seville, Jonathan
Cescon and David Leith (corporate/securi-
ties), Jerald Wortsman and Catrina Card
(tax) and Tom Zverina (lending) from Torys
LLP provided external support.
e managers were represented by Allen
& Overy LLP with a team that included
Ken Aboud, Aloysius Tan and Raj Sankaran
(corporate/securities).
SPROTT PHYSICAL
SILVER TRUST COMPLETES
US$86M OFFERING
CLOSING DATE: APRIL 13, 2016
On April 13, 2016, Sprott Physical Silver
Trust (the Trust) completed a cross-border
follow-on public offering of 12,300,000 trust
units (the Units) at US$6.09 per Unit, and
subsequently, pursuant to the exercise in full
of the over-allotment option under the offer-
ing, issued 1,8450,000 Units, for total gross
proceeds of approximately US$86,143,050.
e Trust was created to invest and hold
substantially all of its assets in physical silver
bullion and provide a secure, convenient and
exchange-traded way for investors interested
in holding physical silver bullion.
It is managed by Sprott Asset Management
LP, which is a wholly owned subsidiary of
Sprott Inc. e Units are listed on the NYSE
Arca and the Toronto Stock Exchange.
e offering was made simultaneously in
the US and Canada through a syndicate of
underwriters led by RBC Capital Markets
and Morgan Stanley.
e underwriters for the offering in Can-
ada also included Canaccord Genuity Corp.,
National Bank Financial Inc., TD Securities
Inc., BMO Capital Markets, Scotia Capital
Inc., GMP Securities L.P., Desjardins Secu-
rities Inc. and Raymond James Ltd.
Canadian counsel to the Trust and Sprott
was Baker & McKenzie LLP, with a team
that included Sonia Yung, Ora Wexler and
Dennis Beker (securities) and Peter Clark
and Lesley Kim (tax). US counsel to the
Trust and Sprott was Seward & Kissel LLP,
with a team that included Anthony Tu-Se-
kine and Joseph Nardello (securities) and Jim
Cofer (tax).
Canadian counsel to the underwriters was
Davies Ward Phillips & Vineberg LLP,
with a team comprising Robert Murphy and
Chris Figel (securities) and Neal Armstrong
(tax). US counsel to the underwriters was
Paul, Weiss, Riind, Wharton & Gar-
rison LLP, with a team comprising Chris-
topher Cummings and Rebecca Vasluianu
(securities) and David Mayo (tax).
THOMSON REUTERS
CLOSES US$500M
NOTES OFFERING
CLOSING DATE: MAY 9, 2016
On May 9, 2016, omson Reuters Corpo-
ration (TSX/NYX: TRI) closed its offering
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