40 King St W, Suite 2100, Scotia Plaza, Toronto, ON
Year called to bar: 1983 (ON)
Paul Stein is a partner who acts as lead counsel for a number of public clients that have been involved in mergers, acquisitions, takeover bids (both hostile and friendly), proxy fights, going-private transactions, spin-off transactions, and corporate finance and corporate governance matters. He frequently acts as counsel for special committees of boards of directors. Paul’s practice also includes assisting mining clients in the negotiation of joint ventures, farm-in agreements, and the financing of exploration and development projects, both domestically and internationally. He is also recognized as a leading lawyer in the Lexpert® Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada (Corporate Finance & Securities, Mergers & Acquisitions, Mining); The Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada (Mining, Corporate Finance & Securities); Chambers Global (Corporate/M&A, Energy & Natural Resources: Mining); The Best Lawyers in Canada (Mining and Natural Resources); and Who’s Who Legal (Mining, Capital Markets). Paul is a member of the Rocky Mountain Mineral Law Foundation and was called to the Ontario Bar in 1983.
On September 5, 2018, Canopy Growth Corp. (Canopy), the largest licensed producer of regulated cannabis in the world, completed its acquisition of Hiku Brands Company Ltd. (Hiku) by way of plan of arrangement (the Arrangement).
On November 17, 2017, U.S. Concrete, Inc. (U.S. Concrete) completed its acquisition of all of the issued and outstanding common shares of Polaris Materials Corp. (Polaris) by way of a court-approved plan of arrangement. The
On July 19, 2016, Goldcorp Inc. (Goldcorp) acquired all of the issued and outstanding common shares of Kaminak Gold Corp. (Kaminak) pursuant to a court-approved plan of arrangement (the Arrangement) on the basis of 0.10896 of a Goldcorp common share for each common share of Kaminak.
On December 1, 2015, Antofagasta plc (Antofagasta) acquired from Barrick Gold Corporation (Barrick) a 50 per cent interest (the Acquisition) in Compañia Minera Zaldívar Limitada (Zaldívar) that holds the Zaldívar copper mine located in northern Chile (the Zaldívar Mine). The resulting joint venture combines the resources and expertise of two global mining leaders to maximize the value of the Zaldívar Mine.
On September 30, 2015, BSM Technologies Inc. and Webtech Wireless Inc. completed the previously announced transaction by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia). Pursuant to the plan of arrangement, Webtech has become a wholly-owned subsidiary of BSM and all of the issued and outstanding common shares of Webtech were transferred to BSM in consideration for the issuance by BSM of 2.136 common shares of BSM and a cash payment of $0.52 for each Webtech share.
On June 30, 2015, Goldcorp Inc. closed its previously announced secondary offering of shares in Tahoe Resources Inc. A total of 58,051,692 common shares of Tahoe beneficially held by Goldcorp were sold at an offering price of $17.20 per share for gross proceeds of approximately $1 billion.
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.
On March 13, 2015, Goldcorp completed its $526 million acquisition of Probe Mines Limited by way of a plan of arrangement. Probe’s principal asset is the 100 per cent-owned Borden Gold project located near Chapleau, Ontario.
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.