LEXPERT MAGAZINE
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NOVEMBER/DECEMBER 2016 27
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CORPORATE TRANSACTIONS OF IMPORTANCE
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Golden Star also completed a concurrent
private placement (the "Private Placement")
in the United States of US$65 million aggre-
gate principal amount of 7 per cent convert-
ible senior notes due 2021.
As part of the Private Placement, Golden
Star exchanged US$42 million principal
amount of its outstanding 5 per cent convert-
ible senior unsecured debentures due June 1,
2017, for an equal principal amount of newly
issued convertible senior notes.
Fasken Martineau DuMoulin LLP act-
ed as Canadian counsel to Golden Star in re-
spect of the Equity Offering and the Private
Placement with a team that included John
Sabetti, John Turner, Will Shaw, Justine
Connors, David Steinhauer, Mitchell aw
and Jon Holmstrom.
Paul, Weiss, Riind, Wharton & Gar-
rison LLP acted as US counsel to Golden
Star in respect of the Equity Offering and the
Private Placement with a team of Chris Cum-
mings, Adam Givertz, Aaron Abramson, Ian
Hazlett, Christian Kurtz and Oliver Loxley
(corporate); Bill O'Brien (environmental);
and David Sicular and Amir Cooper (tax).
Stikeman Elliott LLP acted as Canadian
counsel to the underwriters in respect of the
Equity Offering and the Private Placement
with a team that included Timothy McCor-
mick, Colin Burn, and Caroline Klinkhoff.
Dorsey & Whitney LLP acted as US coun-
sel to the underwriters on the Equity Offer-
ing and Private Placement with a team that
included Kenneth Sam, Jason Brenkert, Erin
McCrady and James Guttman.
LUNDIN GOLD COMPLETES
BOUGHT-DEAL FINANCING
CLOSING DATE: AUGUST 9, 2016
On August 9, 2016, Lundin Gold Inc. closed
the second tranche of its bought-deal equity
offering of 15 million common shares at a
price of $5.50 per share.
e underwriters exercised their over-
allotment option in full and purchased 2.25
million additional common shares, repre-
senting 15 per cent of the total offering, at
the offering price. Combined, the aggregate
gross proceeds raised under the offering was
$94,875,000. e first tranche of Lundin
Gold's offering, consisting of 10 million
shares, closed on July 19, 2016. e offering
was conducted through a syndicate of un-
derwriters led by GMP Securities LP and
including BMO Nesbitt Burns Inc., Dundee
Securities Ltd., Pareto Securities AS, Cor-
mark Securities Inc., Paradigm Capital Inc.
and Scotia Capital Inc.
e net proceeds of the offering are being
used to fund the Early Works program at the
Fruta del Norte Project, basic engineering
and optimization of capital cost estimates at
the Fruta del Norte Project and general cor-
porate purposes. An aggregate of US$8 mil-
lion from the closing of the first tranche was
used to repay in full amounts owing under
Lundin Gold's credit facility.
Blake, Cassels & Graydon LLP repre-
sented Lundin Gold with a team that includ-
ed Peter O'Callaghan, Trisha Robertson,
Kyle Misewich and Michael Stewart.
Cassels Brock & Blackwell LLP repre-
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