Ivanplats Completes $300M IPO

Ivanplats Limited (Ivanplats) completed its initial public offering of 63,327,000 Class A common shares at a price of $4.75 (US$4.85) per share for gross proceeds of approximately $300 million (US$307 million). Ivanplats is a Canadian mining company focused on the exploration and development of major copper, platinum, gold, nickel and zinc project.

The syndicate of underwriters for the IPO was led by BMO Capital Markets and Morgan Stanley Canada Limited and included Macquarie Capital Markets Canada Ltd., RBC Dominion Securities Inc., CIBC World Markets Inc., Citigroup Global Markets Canada Inc., Renaissance Securities (Cyprus) Limited and UBS Securities Canada Inc.

Ivanplats granted the underwriters an over-allotment option to purchase up to an additional 15 per cent of the aggregate number of Class A common shares issued at the closing at a price of $4.75 per share. If the over-allotment option is exercised in full, the total gross proceeds to the company will be $346 million (US$354 million).

Ivanplats was represented by Goodmans LLP in Vancouver, with a team that included David Redford, Sean Mason, Kimberly Burns, Alex Bayer, Mahdi Shams, Kara Hardin and Sarah Harper (corporate/securities/mining) and in Toronto by David Veneziano and Ken Saddington (tax).

The Underwriters were represented by Stikeman Elliott LLP with a team that included Quentin Markin in Sydney, Australia, Rhoda Aylward and Steven Bennett in Toronto (corporate/securities/mining).


Kimberly E. Burns David Redford Sean R. Mason Rhoda Aylward Mahdi Shams Alex Bayer David Veneziano