With involvement in tens of billions of dollars’ worth of negotiated and unsolicited merger & acquisition transactions, as well as billions of dollars’ worth of financings, Chambers Global-ranked Michael assists clients in various industries including mining, energy, real estate, forestry, agriculture, renewable energy, technology, engineering, life sciences, telecommunications, airlines, petroleum, and pipelines. Chinese outbound M&A and investment is an area of concentration in Michael's practice. He is particularly involved in representing Chinese outbound M&A and investment in the mining and natural resource sectors globally.
On January 22, 2018, Sabina Gold & Silver Corp. (Sabina) announced the completion of a private placement with Zhaojin International Mining Co., Ltd. (Zhaojin International) in the amount of approximately $66.1 million to purchase 24.93 million common shares at a price of $2.65 per share.
On August 31, 2015, Zijin Mining Group Co., Ltd., one of China’s largest gold producers, completed the acquisition from Barrick Gold Corporation of a 50 per cent stake in Barrick (Niugini) Limited (the holder of a 95 per cent interest in the Porgera gold project in Papua New Guinea) for US$298 million in cash, through Gold Mountains (H.K.) International Mining Company Limited, its wholly owned subsidiary. The parties also entered into a shareholders agreement with respect to the newly formed joint venture and a separate strategic cooperation arrangement relating to future potential joint initiatives.
On May 20, 2015, Vicwest Inc. (Vicwest), Kingspan Group Limited (Kingspan) and AG Growth International Inc. (AG Growth) completed a plan of arrangement whereby Kingspan (through its subsidiary) acquired all of the issued and outstanding common shares of Vicwest and AG Growth (through subsidiary) acquired substantially all of the assets of Vicwest’s Westeel division. Pursuant to the terms of the plan of arrangement, each holder of common shares received $12.70 for each common share held. The transaction was valued approximately $360 million.