Mandalay Resources Corporation Completes Acquisition of Elgin Mining Inc.
Goodmans represented Mandalay Resources Corporation (Mandalay), a Canadian-based natural resource company with producing assets in Australia and producing and development projects in Chile in its acquisition of all the issued and outstanding common shares of Elgin Mining Inc. (Elgin), a Canadian-based company focused on production at the Björkdal gold mine in Sweden, for a total transaction value of approximately $70 million. The acquisition was completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (Ontario).
Pursuant to the arrangement, Mandalay acquired each outstanding Elgin common share in exchange for $0.37 in cash or 0.4111 of a Mandalay common share, subject to pro-ration if the aggregate cash consideration would exceed $27 million or the aggregate share consideration would exceed 50 million Mandalay common shares.
Featured Work
-
Tax
Cineplex announces comprehensive refinancing plan
Goodmans is acting for Cineplex Inc., a leading Canadian entertainment and media company, in connection with its announcement of a comprehensive refinancing plan to improve financial flexibility and… -
Mergers and Acquisitions
FASHIONPHILE acquires Two Authenticators Business
Goodmans LLP acted for FASHIONPHILE, LLC in connection with its purchase of the assets of Two Authenticators Inc… -
Mergers and Acquisitions
Gamut Capital Management acquires Extreme Reach
Goodmans LLP acted for Gamut Capital Management, L.P. (“Gamut”), a leading New York-based middle market private equity firm, in its acquisition of Extreme Reach, Inc. (“Extreme Reach” or “ER”) — a… -
Restructuring
MAV Beauty Brands Inc.'s Restructuring Proceedings
Goodmans LLP acts for Alvarez & Marsal Canada Inc. in respect of MAV Beauty Brands Inc., a publicly traded global hair care and personal care company focused on managing a diversified portfolio of… -
Mergers and Acquisitions
Group led by Michael Andlauer buys Ottawa Senators
Goodmans LLP acted for an entity controlled by Michael Andlauer in its purchase of the Ottawa Senators Hockey Club from the Melnyk Estate… -
Banking and Financial Services
Finastra Group $5.32 billion refinancing
Goodmans LLP acted for Finastra International Limited in the full refinancing of its existing credit facilities and restructuring of its capital structure…