Yamana Gold Acquires Extorre Gold Mines

In June 2012, Yamana Gold Inc., a Canadian-based gold producer with significant operations in South America and Mexico, announced that it had entered into a definitive agreement to acquire all of the issued and outstanding common shares of Extorre Gold Mines Limited, a Canadian mining company with exploration and development stage precious metals projects in Argentina. Under the terms of the agreement, each Extorre shareholder will receive $4.26 per share comprising $3.50 in cash and 0.0467 of a Yamana common share for each Extorre common share held, or approximately $395 million.

Yamana's Canadian counsel was Cassels Brock & Blackwell LLP with a team that included Mark Bennett, Jeffrey Roy, Andrea FitzGerald, Ken Snider and Angela Chu. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Yamana, with a team that included Adam Givertz, Richard Elliott, Christian Kurtz and Tim Phillips (corporate); David Mayo and Kate Belzberg (tax) and Mark Mendelsohn (litigation).

Extorre's Canadian counsel was Gowling Lafleur Henderson LLP with a team led by Cyndi Laval and including James Isaac, Catherine Graham, Yong-Jae Kim and Ryan Welsh (corporate/M&A/securities); Brent Kerr and Esther Bergh (tax) and Jonathan Van Netten (litigation). Its US counsel was Dorsey & Whitney LLP, with a team including Jason Brenkert.

Bob Wooder, Katherine Keilty and Andrew Hennigar of Blake, Cassels & Graydon LLP represented the special committee of Extorre's board.