LEXPERT MAGAZINE
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JUNE 2018 21
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CORPORATE TRANSACTIONS OF IMPORTANCE
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with a team that included Glen Johnson and
Frazer House.
HLS THERAPEUTICS
COMPLETES GOING
PUBLIC TRANSACTION
CLOSING DATE: MARCH 12, 2018
On March 12, 2018, HLS erapeutics Inc.
(HLS:TSXV) announced the completion
of a reverse take-over of TSXV-listed Au-
tomodular Corp. to conclude HLS's going
public transaction.
e transaction was implemented by way
of a Court-approved plan of arrangement
under the OBCA. HLS had previously
completed in 2015 a private placement
transaction of equity and debt that raised
US$385 million. HLS is an international
specialty pharmaceutical company focused
on acquiring and commercializing clini-
cally differentiated pharma products in the
specialty central nervous system and car-
diovascular markets. HLS is led by former
Biovail Corp. executives Bill Wells (Chair-
man), Gregory Gubitz (Chief Executive
Officer) and Gilbert Godin (President).
HLS was advised by Blake, Cassels &
Graydon LLP. e Blakes team was com-
posed of David Toswell, Catherine Youdan,
Liam Churchill, Linda Tu, Hani Migally,
Andrew Wang and Yasmina Mavani (secu-
rities), Fabien Lanteri-Massa (financial ser-
vices), Chris van Loan and Ian Caines (tax)
and Ryan Morris (litigation).
Automodular was advised by Fasken
Martineau DuMoulin LLP. e Fasken
team was composed of Aaron Atkinson,
Bradley Freelan, David Steinhauer and Jer-
emy Mandel (securities), Jon Holmstrom
(banking), Ronald Nobrega (tax) and Brad
Moore (litigation).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
HUT 8 MINING ENTERS
INTO ELECTRICITY SUPPLY
AGREEMENT WITH CITY
OF MEDICINE HAT
CLOSING DATE: MARCH 19, 2018
On March 19, 2018, Hut 8 Mining Corp.
(Hut 8), a cryptocurrency mining and block-
chain infrastructure company, entered into
an electricity supply agreement with the City
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of Medicine Hat (CMH).
e agreement is for the supply of 42 MW
of electric energy and the lease of land upon
which Hut 8 will construct and operate its
mining facilities near the City of Medicine
Hat's new Unit 16 power plant.
e electricity supply agreement and
the land lease have a concurrent term of 10
years. e expansion marks Hut 8's com-
mitment of a $100-million construction
investment in the community, all of which
is fully funded.
Hut 8 was represented by Frederick Erick-
son, Kurtis Reed and Michael Witt of Stike-
man Elliott LLP.
e City of Medicine Hat was represented
in-house by Benjamin Bullock, Matthew
Klasen and Linnsie Clark.
