On Jan.12, 2022, Calibre Mining Corp. closed a previously announced acquisition of all of the issued and outstanding common shares of Fiore Gold Ltd. pursuant to a court-approved plan of arrangement, for approximately US$151 million. Fiore shareholders received 0.994 of a Calibre common share and $0.10 in cash for each Fiore common share held. Calibre issued an aggregate of 101,321,923 common shares and made an aggregate cash payment of approximately $10.2 million. Upon closing of the arrangement, existing Calibre and former Fiore shareholders own approximately 77 per cent and 23 per cent of the issued and outstanding Calibre shares, respectively.
Pursuant to the transaction Calibre acquired a 100 per cent interest in Fiore’s operating Pan Gold Mine, adjacent advanced-stage Gold Rock Project and the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project in Washington State.
Cassels Brock & Blackwell LLP acted for Calibre with a deal team that included
Jay King,
Jeffrey Roy,
Jackson Phillips,
Jasmine Qin,
Aamir Chherawala (Securities, M&A and Mining),
Douglas Richardson,
Kurtis Bond,
Jocelyn Arnason (Tax),
Adrian Jakibchuk (Employment & Labour),
Danielle DiPardo (Litigation),
Kim Dodson,
Eni Silva,
Andy Pike (Corporate Services),
Jacob Robinson (Articling Student).
Greenberg Traurig, LLP acted as US Counsel for Calibre with a deal team that included
Brian Blaney,
Michele Kulerman.
Miller Thomson LLP acted for Fiore with a deal team that included
Lucy Schilling,
Kathy Tang,
Dezarae Senft,
Bryan Hicks.
Dorsey & Whitney LLP acted as US Counsel for Fiore with a deal team that included
Jason K. Brenkert.