On December 17, 2015, subsidiaries of Waterton Precious Metals Fund II Cayman, LP completed the acquisition of Barrick Gold Corporation's 70 per cent interest in the Spring Valley project and 100 per cent of the Ruby Hill mine for a total of $110 million in cash.
Waterton was represented by Curtis Cusinato, Stewart Sutcliffe, Casey Howell, Anas Youssef and Yoni Grundland (M&A) of Stikeman Elliott LLP; and by Joel Benson of Davis Graham & Stubbs LLP.
Barrick was represented by internal legal counsel, Rich Haddock and Andrew Hastings, as well as by Melanie Shishler, Richard Fridman and Jennifer Grossklaus of Davies Ward Phillips & Vineberg LLP; and by Stephen Hull, William Holyoak, Michael McCarthy, Nicholas Greenwood, as well as several other lawyers, of Parsons Behle & Latimer.
