Alamos Gold completes acquisition of Richmont Mines

On November 23, 2017, Alamos Gold Inc. (Alamos) completed its previously announced acquisition of all of the issued and outstanding shares of Richmont Mines Inc. (Richmont) pursuant to a plan of arrangement. Under the terms of the arrangement, Richmont common shares were exchanged on the basis of 1.385 Alamos common shares for each Richmont common share. Upon closing, Alamos has approximately 389,059,503 Class A shares outstanding with former Alamos shareholders and former Richmont shareholders owning approximately 77 per cent and 23 per cent of the pro forma company, respectively. 

Richmont’s common shares were de-listed from the Toronto Stock Exchange and the New York Stock Exchange on November 24, 2017. 

Alamos Gold Inc. was represented by in-house counsel Nils Engelstad. Torys LLP provided external support in Canada and the United States, with a team that included Kevin Morris, Janan Paskaran, Braden Jebson, Michael Jason and Sharon Au (corporate/M&A), Omar Wakil (competition), Andrew Wong and David Mattingly (tax), Don Roger (real estate), Andrew Gray (litigation), and Andy Beck and Chris Bornhorst (securities). 

Richmont Mines Inc. was represented by Fasken Martineau DuMoulin LLP in Canada with a team that included Bradley Freelan, Brian Graves, John Turner, Frank Mariage, Janie Harbec, Myroslav Chwaluk, David Steinhauer, Mariko Rivers, Jeremy Mandel and Russell Lindzon (corporate/M&A/mining), Alain Riendeau and Brandon Farber (litigation), Huy Do (competition) and Mitch Thaw (tax). Richmont was supported in the United States by Jenner & Block LLP with a team led by Martin Glass.

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