Xstrata completed two separate acquisitions of contiguous coal exploration projects with an aggregate value of $200 mil-lion in the northeastern British Columbia coal region.
The first, completed on August 4, 2011, was to acquire First Coal through a novel concurrent private take-over bid/plan of arrangement structure.
Subsequently, Xstrata acquired from Cline Mining Corporation its Lossan coal exploration project in the region, a transaction that closed on October 12, 2011.
Bennett Jones LLP acted for Xstrata in both matters with a team led by Ken Klassen (M&A) and that included Adam Taylor and Russell Drew (M&A); Claire Kennedy (tax); Brad Gilmour, Deirdre Sheehan and Chuck Davies (First Nations and regulatory) and Derek Bell and Jonathan Bell (litigation).
McMillan LLP acted for First Coal Corporation with a team led by Karl Gustafson, QC, (M&A and corporate) and in-cluding Bernie Zinkhofer and Amandeep Sandhu (securities); Cheri Bocking (corporate); Peter Botz (tax), Keith Clark (First Nations) and Peter Reardon (litigation).
McLean & Kerr LLP represented Cline Mining with a team led by Jim Blake (securities/corporate) and including Lucie Kroumova, Nadia Somani and Jenna Rucas (securities/corporate).