LEXPERT MAGAZINE
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SEPTEMBER 2016 27
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CORPORATE TRANSACTIONS OF IMPORTANCE
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(CanWel) completed its acquisition of Jemi
Fibre Corp. (Jemi) by way of court-approved
plan of arrangement. Pursuant to the ar-
rangement, CanWel acquired all of Jemi's is-
sued and outstanding common shares.
In connection with the arrangement, Can-
Wel completed a $25-million bought deal
private placement of subscription receipts
with GMP Securities L.P. acting as lead un-
derwriter and also assumed approximately
$25 million of indebtedness, and refinanced
approximately $50 million of Jemi's senior
loans and entered into new senior term loans
with CanWel's existing lenders.
CanWel was represented internally by R.S.
(Rob) Doman and was assisted by Goodma-
ns LLP, which advised on the arrangement
and bought deal private placement of sub-
scription receipts with a team led by Michael
Partridge, which included Jamie van Diepen,
David Coll-Black and Danny Wakeling (cor-
porate), Carrie Smit and Michael Royal (tax)
and Tom Friedland (litigation). DLA Piper
(Canada) LLP with a team led by Don Col-
lie which included Garry Mancell, Jeff Waa-
tainen, Michael Mjanes, Elaine am and
Emily Snow, advised on matters relating to
British Columbia law for corporate matters,
forestry, land and due diligence. MacPher-
son, Leslie & Tyerman LLP with a team
led by James Kerby, QC, which included
Penny Yeager, Ryan Hallman and Kathy He,
advised on matters relating to Saskatchewan
law. Bernard LLP, with a team led by Cath-
erine Hofmann which included Michael
Soltynski, advised on matters relating to the
concurrent debt financing.
Jemi was represented by Dentons Cana-
da LLP, which advised on the arrangement
with a team that was led by Corey MacK-
innon and Kris Miks, and included Jamie
omas and Zev Smith (corporate), Mark
Jadd and Larry Nevsky (tax) and Daniel
Yaverbaum (litigation).
GMP Securities L.P., Raymond James
Ltd., Canaccord Genuity Corp., Cormark
Securities Inc., Haywood Securities Inc. and
Paradigm Capital Inc. were represented by
Wildeboer Dellelce LLP, which advised
on the bought deal private placement of sub-
scription receipts with a team led by Troy
Pocaluyko, which included Jeff Hergott and
Mack Hosseinian (corporate).
Wells Fargo Capital Finance Corp.
Canada was represented by Blake, Cas-
sels & Graydon LLP, which advised on the
concurrent debt financing with a team led
by Samantha Rossman and Greg Umbach
which included, Nicholas Roos and Aletha
Utley (banking).
ALTIUS MINERALS ACQUIRES
COPPER STREAM FROM
YAMANA GOLD FOR $78M
CLOSING DATE: MAY 3, 2016
On May 3, 2016, Altius Minerals Corp. (Al-
tius) completed its acquisition of a copper
stream from a subsidiary of Yamana Gold
Inc. (Yamana) in respect of Yamana's Cha-
pada copper-gold mine in central Brazil. e
aggregate purchase price was $78 million in
cash and 400,000 Altius common share pur-
chase warrants. e acquisition was financed
Commercial or Residential.
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