Agnico Eagle Mines Limited ("Agnico Eagle") completed the acquisition of 100 percent of outstanding common shares of O3 Mining Inc. ("O3 Mining"). O3 Mining is now a wholly-owned subsidiary of Agnico Eagle.
The amalgamation constituted the subsequent transaction contemplated by Agnico Eagle's board-supported take-over bid to acquire O3 Mining. Under the amalgamation, shareholders of O3 Mining, other than Agnico Eagle, will receive C$1.67 in cash per common share.
O3 Mining’s Marban Alliance property in Québec’s Abitibi region is expected to complement Agnico Eagle’s Canadian Malartic complex.
Davies Ward Phillips & Vineberg LLP acted as counsel to Agnico Eagle with a team that included Patricia Olasker, Marc Pontone, Andrew Mihalik, John Aziz and Puneet Aujla (Public M&A); Jim Dinning and Umang Khandelwal (Competition); Mylène Nadeau (Real Estate); Julie Colden and Ryan Wolfe (Tax).
Bennett Jones LLP acted as counsel to O3 Mining with a team co-led by Sander Grieve and Andrew Disipio (M&A and Mining) and included Jean Tessier, Vanessa Trépanier, Jeff Taylor, Benjamin Gal, Sam Kennedy, Michelle Galati, Jennifer Huang, Jordan Eljabri (M&A and Mining), Phil Ward, Julia Wang (Tax), Zee Derwa (Competition), Talia Bregman (Employment) and Simon Grant (Financial Services).
Cassels Brock & Blackwell LLP acted as counsel to the O3 Mining special committee with a team that included Jay Goldman, Lindsay Clements, Jasmine Qin, and Rachel Binder.