On April 26, 2016, Endeavour Mining Corporation (Endeavour) completed its acquisition of True Gold Mining Inc. (True Gold), a TSX-V listed company, for approximately $260 million. The acquisition was completed under a statutory plan of arrangement pursuant to which shareholders of True Gold received Endeavour shares in exchange for their True Gold shares. In addition, Endeavour completed a $82.6-million private placement of Endeavour shares to La Mancha, Endeavour’s largest shareholder.
Endeavour was represented by John Anderson, Neville McClure, Alice Davidson, Victor Gerchikov, David Massé, Léa Bénitah-Bouchard and Charlotte Verdebout of Stikeman Elliott LLP.
True Gold was represented by Bob Wooder, Kathleen Keilty, Jennifer Ruddick, Brendan Depoe, Garrett Lee, Kevin Zimka and Samantha Rossman of Blake, Cassels & Graydon LLP and by its in-house counsel Mischa Zajtmann.
La Mancha was represented by Paul Raymond, Steve Malas, Emmanuel Grondin and Laurence Farmer of Norton Rose Fulbright Canada LLP.
For a Q&A with the lawyers on the deal, click here.