Quadra Mining and FNX Mining Complete $2.2B Merger

On May 21, 2010, Quadra Mining Ltd. and FNX Mining Company Inc. completed a merger by way of a plan of arrangement under the Business Corporations Act (Ontario). Under the arrangement, Quadra acquired all of the issued and outstanding common shares of FNX. Former shareholders of FNX received 0.87 Quadra shares and $0.0001 for each common share of FNX. The combined company's name was changed to Quadra FNX Mining Ltd. This merger of two Canadian mid-tier players positions Quadra FNX to be a leading consolidator in the mid-cap copper space.

Blake, Cassels & Graydon LLP acted as counsel to Quadra, with a team that included Andrew McLeod, Peter O'Callaghan, Susan Tomaine, Sarah Pybus, Denis Silva, John Wilkin and Dustin Down (corporate/securities); Bradley Berg and Andrew McLachlin (litigation); John Hutmacher and Alison Clements (real estate); Jeffrey Sommers and Jessica Bullock (pension & employee benefits); Connie Reeve and Charles Layton (labour & employment); Robert Fishlock (environmental) and Jason Gudofsky (competition). Thorsteinssons LLP acted as tax counsel to Quadra, with a team that included Michael Colborne and Michael McLaren. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Quadra, with a team that included Edwin Maynard and Adam Balfour (corporate finance and securities), as well as David Mayo and Anat Aronowicz. Greenberg Traurig, LLP acted as US tax counsel for Quadra, with a team that included Robert Simon, Tom West, Renée O'Rourke, Mary Voce and Arturo Requenez.

Cassels Brock & Blackwell LLP acted as counsel for FNX, with a team that included Jay Goldman, Jeffrey Roy, Norman Findlay and Jelena Novikov (securities, mining and M&A); Alexander Pizale (securities); Chris Hersh (competition); Robert Cohen (litigation) and Ken Snider, Christopher Norton and Michael Platt (tax). Shearman & Sterling LLP acted as US counsel for FNX, with a team that included Adam Givertz (M&A and capital markets); Jonathan Handyside (capital markets); Kelly Karapetyan (antitrust/competition) and Laurence Crouch and Eileen O'Pray (tax).