Tahoe Resources and Rio Alto Mining complete merger

On April 1, 2015, Tahoe Resources Inc. (Tahoe) and Rio Alto Mining Limited (Rio Alto) announced that they completed the Plan of Arrangement initially announced on February 9, 2015. Rio Alto operates the La Arena mine in Peru and is developing the Shahuindo project, also in Peru. The transaction, valued at approximately $1.3 billion, combines the respective businesses of Tahoe and Rio Alto to create a new, leading intermediate precious metals producer.

Pursuant to the Plan of Arrangement, all of the issued and outstanding common shares of Rio Alto were transferred to Tahoe in consideration for the issuance by Tahoe of 0.227 of a common share of Tahoe and the payment of $0.001 for each Rio Alto Share. Rio Alto has become a wholly owned subsidiary of Tahoe.

Cassels Brock & Blackwell LLP represented Tahoe with a team comprising Paul Stein, Joan Beck, Jennifer Hansen, Jennifer Poirier, Alexis Bowie and Justin Dick (securities, mining and M&A), Matthew Peters (taxation), David Budd (financial services), Robert Cohen (litigation), Kristin Taylor (labour & employment) and Chris Hersh (competition).

McMillan LLP was US counsel for Tahoe with a team comprising Daniel Dex, Herbert Ono and Arman Farahani. Davis, Wright, Tremaine LLP was US tax counsel for Tahoe with a team comprising Brian Todd and Pamela Charles. 

DLA Piper (Canada) LLP represented Rio Alto with a team comprising Daniel Kenney, Derrick AuchCatherine Pawluch, Peter Soby, Prasad Taksal, Matthew Pastor Pollock, Roisin Hutchinson, Cherry Jiang and Sandra Mah. Dorsey & Whitney LLP was US counsel to Rio Alto with a team led by Richard Raymer and including John Hollinrake and Dan Nauth.

Torys LLP represented the independent committee to Rio Alto with a team comprising James Scarlett and John Emanoilidis.




Paul M. Stein Robert B. Cohen Derrick K. Auch Catherine A. Pawluch James D. Scarlett John E. Emanoilidis