On April 1, 2016, Canadian mining exploration company, Tahoe Resources Inc. (Tahoe) and Canadian gold producer Lake Shore Gold Corp. (Lake Shore Gold) completed a previously announced business combination, now valued at $945 million.
Under an Arrangement Agreement, Tahoe acquired all of the issued and outstanding shares of Lake Shore Gold by way of a plan of arrangement. Existing Tahoe and Lake Shore Gold shareholders own approximately 74 percent and 26 percent of the combined company, respectively.
McMillan LLP represented Tahoe through a team led by Amandeep Sandhu and included Bosa Kosoric, Arman Farahani, Andjela Vukobrat, Barbara Collins, Ravi Bains (securities and M&A), Peter Botz, Christine Man (tax), David McInnes, George Waggott, Allie Ketcham (employment), Brett Harrison, Mark Skwarok (litigation), François Tougas, Robin Junger, Ryan Gallagher (regulatory), Herb Ono (US securities), and Eric Friedman (banking/lending). GMP Securities L.P. and Canaccord Genuity Corp. acted as financial advisors to Tahoe.
Cassels Brock & Blackwell LLP acted for Lake Shore Gold with a deal team that included Jay Goldman, Jeffrey Roy, Nancy Choi, Kyle Simpson, Caroline Durran (mining, M&A and securities), Christopher Norton (tax), Robert Cohen (litigation), and Tom Kapsales, Robert Lysy (real estate).
Osler, Hoskin & Harcourt LLP represented BMO Capital Markets, financial advisor to Lake Shore Gold. The deal team from Osler included Alex Gorka, Don Gilchrist and Jeremy Fraiberg.