100 King St W, Suite 3400, 1 First Canadian Pl, PO Box 130, Toronto, ON
Year called to bar: 2004 (ON)
Ali Naushahi practices corporate and securities law, with an emphasis on corporate finance, mergers and acquisitions, and mining. Ali acts for clients in connection with mergers and acquisitions, public equity and debt offerings, private placements, reverse takeover transactions, and stock exchange listings. While Ali acts for clients in a number of industries, he focuses on the mining sector. Ali has assisted mining and royalty/streaming companies with acquisitions and divestitures, joint ventures, royalty and streaming transactions, earn-in agreements, and offtake agreements. Ali also advises companies on various matters relating to corporate governance and continuous disclosure obligations. Ali has been recognized in The Canadian Legal Lexpert Directory in the area of Mining.
Centerra Gold Inc. (Centerra) and Premier Gold Mines Limited (Premier) entered into a 50/50 limited partnership for the joint exploration and development of Premier’s Trans-Canada Property in Northern Ontario. Under the terms of the joint venture agreements, Centerra will contribute up to $300 million in cash to the limited partnership in consideration for its 50 per cent interest in the limited partnership, while Premier will contribute all property, assets and rights it holds in respect of the Trans-Canada Property to the limited partnership in consideration for its 50 per cent interest in the limited partnership.
Antofagasta plc, through its wholly-owned subsidiary, Antofagasta Investment Company Limited, acquired Duluth Metals Limited by way of a plan of arrangement at a price of $0.45 per share, for total cash consideration of approximately $52.8 million. Immediately following the acquisition, Antofagasta funded the purchase of $30-million aggregate principal amount convertible debentures, being all of Duluth’s outstanding convertible debentures.
NIBE Industrier AB (publ) of Sweden acquired all of the issued and outstanding shares of WaterFurnace Renewable Energy, Inc. pursuant to a plan of arrangement under the Canada Business Corporations Act, for cash consideration of around $378 million.
On July 27, 2010, H&R Real Estate Investment Trust (“H&R REIT”) completed a bought deal financing pursuant to which it issued $100,000,000 aggregate principal amount of 5.90 per cent Series D convertible unsecured subordinated debentures due June 30, 2020.