Gold Candle acquires Fokus Mining
Goodmans LLP advised Gold Candle Ltd. in connection with acquiring all of the issued and outstanding common shares in the capital of Fokus Mining Corporation by way of a plan of arrangement in an all-cash transaction that implied an equity value for Fokus of C$63 million.
The acquisition enabled Gold Candle to substantially enhance its asset base in the Abitibi region of the Province of Québec through the addition of Fokus' existing 1.4 million ounces of inferred gold mineral resources.
Gold Candle is a privately funded Canadian exploration company led by a diverse and experienced team of mining professionals.
Fokus is a mineral resource company focused on the acquisition and exploration of precious metal deposits in Québec's Abitibi region. Following completion of the Transaction, Fokus’ shares are expected to be delisted from the TSXV, OTCQB tier of the OTC Markets Group, and Frankfurt Stock Exchange.Featured Work
-
Mining
Cadillac Mines Corporation closes C$440 million IPO
Goodmans LLP acted as Canadian legal counsel to Cadillac Mines Corporation in connection with its C$440 million initial public offering of common shares and special flow-through shares, and its… -
Mining
Starboard Asset backs Amapá Minerals in C$140 million IPO
Goodmans LLP acted for Starboard Asset Ltda. and its funds in connection with its initial investment in the predecessor to Amapá Minerals Holdings Inc., and as sponsor and promoter of Amapá Minerals… -
Mining
Paulson and NOVAGOLD RESOURCES announce US$4.2 billion Donlin Gold consolidation
Goodmans LLP is advising Paulson & Co Inc. in connection with the definitive agreements under which NOVAGOLD RESOURCES INC. will acquire Paulson's 40% interest in Donlin Gold LLC in an all-share… -
Mining
Hudbay Minerals acquires Arizona Sonoran
Goodmans LLP advised Hudbay Minerals Inc. in connection with its acquisition of Arizona Sonoran Copper Company Inc. (“ASCU”) in an all-share transaction valued at US$1.48 billion at announcement… -
Mining
Coeur Mining, Inc. acquires New Gold Inc. for US$7 billion
Goodmans LLP acted for Coeur Mining, Inc. in connection with its acquisition of New Gold Inc. for US$7 billion… -
Capital Markets
Century Lithium completes private placement
Goodmans LLP advised Century Lithium Corp. in connection with the closing of a C$7 million listed issuer financing exemption offering (the “Life Offering”) of its 14,893,616 units…