Patrick J. Sullivan Patrick J. Sullivan

WealthBar with respect to CI Financial’s acquisition of a majority stake in WealthBar

On January 23, 2019, WealthBar announced the completion of their purchase transaction whereby CI Financial Corp. acquired 75% of WealthBar’s issued and outstanding common shares. WealthBar is one of Canada’s leading wealth management and financial planning robo-advisory firms for...

Lead Office: Vancouver Date Closed: January 23, 2019 Value: -

First Nations Finance Authority in its $138 million offering of Senior Secured Bonds

On September 25, 2018, First Nations Finance Authority (“FNFA”) closed an offering of an additional $138,000,000 principal amount of 3.05% Senior Secured Bonds, Series 2017-1, due June 1, 2028. FNFA is the centralized borrowing agency for eligible First Nations across Canada. The FNFA...

Lead Office: Vancouver Date Closed: September 25, 2018 Value: $138 million

Evrim Resources Corp. in its strategic investment from Newmont Mining Corporation

On August 31, 2018, Evrim Resources Corp. announced the closing of its private placement with Newmont Canada Corporation, a wholly owned subsidiary of Newmont Mining Corporation. Newmont has agreed to purchase 4,848,401 shares of Evrim at a price of $1.50 per share for gross proceeds of...

Lead Office: Vancouver Date Closed: August 28, 2018 Value: $7.3 million

South32 in its $2.1 billion acquisition of Arizona Mining

Osler represented South32 in connection with its announced acquisition of Arizona Mining in an all-cash transaction valued at C$2.1 billion. South32 is a globally diversified mining and metals company with high quality operations in Australia, Southern Africa and South America. Arizona Mining is...

Lead Office: Vancouver Date Closed: August 10, 2018 Value: $2.1 billion

The underwriters in the $150 million bought deal offering of TransAlta Renewables Inc. common shares by way of a prospectus supplement filed on June 15, 2018.

On June 22, 2018, TransAlta Renewables Inc. (“TransAlta Renewables”) announced that it had closed the previously announced offering, on a bought deal basis, of 11,860,000 common shares in the capital of TransAlta Renewables at a price of $12.65 per common share which will result in gross...

Lead Office: Toronto Date Closed: June 22, 2018 Value: $150 million

EMR Capital in its announced agreement to acquire the Cerro Colorado mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper.

Osler is representing EMR Capital in connection with its announced acquisition of the Cerro Colorado copper mine in Chile from BHP Billiton Limited for an aggregate cost of up to US$320 million, US$50 million of which is contingent on the future price of copper. The sale is subject to financing and...

Lead Office: Vancouver Date Closed: -- Value: US$320 million

Howyl Ventures Inc. in its definitive agreement with Victory Square Technologies Inc.

On May 1, 2018, Victory Square Technologies Inc. (Victory Square) acquired 28.5% of all issued and outstanding shares of Howyl Ventures Inc. (Howyl) and Capaciti, their decentralized project marketplace platform, for total consideration of $1,000,000. The consideration consisted of: (i)...

Lead Office: Vancouver Date Closed: May 1, 2018 Value: $1 million

Special Committee of the Board of Directors of Polaris Materials Corp. in its sale to U.S. Concrete, Inc. for $310 million

On November 17, 2017, U.S. Concrete, Inc. completed the acquisition of Polaris Materials Corporation for approximately $310 million. U.S. Concrete’s unsolicited interloping bid terminated the previously announced friendly $252 million acquisition by Vulcan Materials. Osler advised the...

Lead Office: Toronto Date Closed: November 17, 2017 Value: $310 million

Underwriters in connection with $1.5 billion of bond offerings by the Province of British Columbia

On September 26, 2017, the Province of British Columbia issued $500 million principal amount of 2.8% bonds, Series BCCD-35, due June 2048. On October 17, 2017, the Province of British Columbia issued $500 million principal amount of 2.55% bonds, Series BCCD-37, due June 2027. On November...

Lead Office: Vancouver Date Closed: -- Value: $1.5 billion

Lenders and underwriters in the acquisition of Dominion Diamond Corporation by Washington Companies Corp.

On November 1, 2017, Washington Companies (“Washington”) announced it completed its acquisition of Dominion Diamond. Washington acquired all of Dominion’s outstanding common shares for US$14.25 per share in cash - a total equity value of approximately US$1.2 billion....

Lead Office: Toronto Date Closed: November 1, 2017 Value: US$1.2 billion