Orvana Acquires Kinbauri Gold

On September 25, 2009, Orvana Minerals Corp. (TSX:ORV), a mineral resources company based in Toronto, completed the acquisition, through its wholly owned subsidiary Orvana Minerals Acquisition Corp., of Kinbauri Gold Corp. (TSXV:KNB), a mineral exploration company. By way of an unsolicited take-over bid that expired on August 28, 2009, Orvana acquired approximately 95 per cent of Kinbauri's outstanding common shares. Subsequently, on September 25, 2009, Orvana acquired the remaining outstanding common shares of Kinbauri by way of a compulsory acquisition. Orvana paid approximately $50 million in cash to acquire Kinbauri.

Orvana was represented by Blake, Cassels & Graydon LLP with a team that included Jeffrey Lloyd, Christopher Jones, Richard Turner, Rory Engels (securities law); Ron Richler, Chris Van Loan (tax) and Seumas Woods and Ryder Gilliland (litigation). Orvana was represented in Spain by Ignacio Paz and José de Santiago of Herbert Smith LLP.

Kinbauri's special committee was represented by Wildeboer Dellelce LLP with a team that included Robert Wortzman, Mark Wilson and Darryl Holyday. On litigation matters, Kinbauri was represented by Joseph Groia and Kellie Seaman of Groia & Company Professional Corporation.


Joseph Groia Robert D. Wortzman Christopher H. Jones Kellie Seaman Ronald M. Richler Seumas Woods Rory Engels Richard Turner Darryl Holyday Jeffrey R. Lloyd Christopher R.J. Van Loan Ryder Gilliland


Blake, Cassels & Graydon LLP Herbert Smith Freehills LLP Wildeboer Dellelce LLP Groia & Company Professional Corporation