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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Aurcana Corporation Completes Restructuring Transaction

2016

Areas Banking and Finance Law, Corporate and Commercial, Corporate Restructuring, Mining and Natural Resources, Tax

Summary

Goodmans represented Aurcana Corporation (Aurcana) in connection with its restructuring pursuant to which all of Aurcana's secured debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender, under Aurcana's amended and restated senior secured credit facility dated April 29, 2014, were extinguished in exchange for Aurcana's Mexican operations.

The restructuring was approved by the Ontario Superior Court of Justice on November 13, 2015 pursuant to proceedings under the Canada Business Corporations Act and implemented pursuant to an amended CBCA Plan of Arrangement on January 7, 2016.

Aurcana Corporation (TSX VENTURE:AUN) is a Vancouver-based, silver producing company that owns the Shafter Silver Project, a silver deposit located in Texas, United States.