Mineralogy Acquires Waratah Coal for $100M

On March 30, 2009, Mineralogy Pty Ltd., a privately owned mineral resources company based in Brisbane, Australia, completed its acquisition, through its wholly owned subsidiary Mineralogy Canada Acquisition Corp., of Waratah Coal Inc., a coal exploration company listed on the TSX Venture Exchange and the Australian Securities Exchange. Through market purchases and a supported take-over bid that expired on January 5, 2009, Mineralogy acquired approximately 93 per cent of Waratah's outstanding common shares. On March 30, 2009, Mineralogy acquired the remaining outstanding common shares of Waratah by way of a compulsory acquisition. Mineralogy paid approximately $100 million in cash to acquire Waratah.

Mineralogy was represented by Blake, Cassels & Graydon LLP with a team that included Frank Arnone, Christopher Jones, John Wilkin, Teresa Budd, Rory Engels, Richard Turner and Trisha Robertson (securities law); Ron Richler (tax); and Seumas Woods and Ryder Gilliland (litigation). Mineralogy was represented in Australia by Murray Wheater, Matthew Rumpus and Ben Secrett of Blake Dawson.

Waratah was represented by Torys LLP with a team that included John Emanoilidis, Philip Brown, Kevin Morris, Danial Lam, James Miller and Jamie Becker (corporate/securities); Grace Pereira (tax); and James C. Tory and Andrew Gray (litigation).