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2016/17
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LEXPERT 25
for lease terms shorter than 20 years; and
imposes timelines on government to make
certain decisions.
But the legislation also imposes new,
more onerous planning requirements on
some companies and mandates a stake-
holder engagement plan for all licensees. It
leaves open the manner in which royalties to the prov-
ince will be calculated and gives the regulator expanded
powers of entry and investigation that could raise priva-
cy concerns. It also creates new offences, stiffer penalties
and longer limitation periods.
On the federal front, the 2016 budget extended
the mineral exploration tax credit for another year. In
March, Natural Resources Canada (NRCan) released
Guidance and Technical Reporting Specifications un-
der the Extractive Sector Transparency Measures Act
(ESTMA), which came into force on June 1, 2015, and
imposes annual reporting requirements for payments
made by Canadian extractive companies to foreign and
domestic governments.
Two months later, NRCan followed up by opening
the enrollment process for companies that qualify as
a "reporting entity" under the ESTMA. Enrollment,
however, is not mandatory until the first reports are due,
150 days aer a company's year end.
Krawchuk, Leanne C. Dentons Canada LLP
(780) 423-7198 leanne.krawchuk@dentons.com
Ms. Krawchuk advises mining producers in Canada on corporate/com-
mercial, construction and procurement, corporate finance and securities,
mergers and acquisitions and other mining legal matters including the
negotiation of supply agreements with electricity producers. She advises
on royalties, price reviews, dedication and unitization agreements
and assignments and transfers of mining interests.
Kugler, Scott M. Gowling WLG
(416) 369-7107 scott.kugler@gowlingwlg.com
Mr. Kugler is the leader of Gowlings's Class Action Group. His practice
focuses on complex commercial matters including securities & competition
law class actions, shareholder disputes, director/officer liability claims
and other corporate litigation.
Lampe, Jonathan Goodmans LLP
(416) 597-4128 jlampe@goodmans.ca
Mr. Lampe is Co-chair of the firm's corporate/securities group and advises
Canadian and international issuers, investors and advisors including
Newmont, Grupo Bal, HudBay Minerals and Uranium One on M&A, strategic
relationships, financings and related matters.
Laval, Cyndi D. Gowling WLG
(604) 891-2712 cyndi.laval@gowlingwlg.com
Ms. Laval is a partner and co-leader of both Gowling WLG's Canadian
Corporate Finance, M&A and Private Equity Group and Mining Group. She
advises resource clients on a broad range of activities with a particular
focus on M&A, corporate finance and mining transactions.
Lawrence, Bruce A. Borden Ladner Gervais LLP
(403) 232-9597 blawrence@blg.com
Mr. Lawrence's practice involves corporate and securities transactions with
exposure to numerous public and private financings, mergers, acquisitions,
take-over bids and plans of arrangement with emphasis on clients in the
natural resources sector.
Learmonth, Warren B. Borden Ladner Gervais LLP
(604) 640-4166 wlearmonth@blg.com
Mr. Learmonth acts as counsel to issuers and underwriters in corporate
finance, merger, acquisition and restructuring transactions in a wide variety
of sectors, including mining, biotechnology, high technology and forestry.
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