Toromont Industries Ltd.

Acted for Toromont Industries Ltd. in its C$300-million private placement of 3.76% senior unsecured notes due 2030. 

RBC Dominion Securities Inc. and RBC Capital Markets, LLC

Acted for RBC Dominion Securities Inc. and RBC Capital Markets, LLC on the US$900-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc., where certain of the offered shares were repurchased for cancelation by GFL.

Russel Metals Inc.

Acted for Russel Metals Inc. in its C$300-million private placement of 4.423% senior unsecured notes due 2030. 

Government of Canada

Acted for the syndicate of underwriters, co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc. and RBC Dominion Securities Inc., in the Government of Canada’s offering of Series C Green Bonds in the principal amount of C$2-billion.

Government of Canada

Acted for the syndicate of underwriters, co-led by Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., in the re-opening of the Government of Canada’s offering of Series B Green Bonds in the principal amount of C$2-billion.

Oxford Properties Group and Canada Pension Plan Investment Board

Acted for Oxford Properties Group and Canada Pension Plan Investment Board in the C$325-million sale of Les Galeries de le Capitale, a super regional enclosed shopping centre located in Quebec City, to Primaris Real Estate Investment Trust.  Primaris agreed to fund C$155 million of the purchase price with equity, comprised of (1) 2.5 million Primaris units, subject to Primaris’ right (which was exercised) to instead pay C$34 million in cash, and (2) C$100 million aggregate face value of 6.25% preferred units exchangeable into Primaris units.

J.P. Morgan Securities Inc.

Acted as Canadian counsel to the initial purchasers, led by J.P. Morgan, in the private placement of US$500 million of senior notes of GFL Environmental Inc.

Scotia Capital Inc and TD Securities

Acted for a syndicate of underwriters, co-led by Scotia Capital Inc. and TD Securities Inc. in an offering of C$200-million aggregate principal amount of Series L Notes of Crombie Real Estate Investment Trust due March 29, 2030.

RBC Capital Markets, LLC and RBC Dominion Securities Inc.

Acted for RBC Capital Markets, LLC and RBC Dominion Securities Inc. on the US$723.4-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

BMO Nesbitt Burns Inc, CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank

Acted for the syndicate of underwriters, co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank, in the Government of Canada’s offering of Series B Green Bonds in the principal amount of C$4-billion. 

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its earn-in agreement with FireFox Gold Corp. to form a property-level joint venture in respect of the Kolho property located in northern Finland, together with a concurrent equity investment in FireFox Gold Corp. and the negotiation of an investor rights agreement.

J.P. Morgan Securities Inc.

Acted as Canadian counsel to the initial purchasers, led by J.P. Morgan, in the private placement of US$1 billion of senior secured notes of GFL Environmental Inc.

New York Life Insurance Company

Acted for New York Life Insurance Company in the Canadian private placement of C$1.05 billion of floating-rate and fixed-rate notes by New York Life Global Funding, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by New York Life Insurance Company.

Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, CIBC World Markets Inc., TD Securities Inc. BMO Nesbitt Burns Inc. and Scotia Capital Inc. in the Canadian private placement of C$1 billion of floating-rate and fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

Goldman Sachs & Co.

Acted for Goldman Sachs & Co. LLC on the US$658-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

TD Securities Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, led by TD Securities Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc. in an offering of C$200-million aggregate principal amount of Series K Notes of Crombie Real Estate Investment Trust due September 28, 2029.

Lithium Royalty Corp

Acted for Lithium Royalty Corp. in its C$150-million initial public offering of common shares underwritten by a syndicate co-led by Canaccord Genuity Corp and Citigroup Global Markets Canada Inc.

WideOrbit Inc.

Acted for WideOrbit, Inc., a California-based media vertical software provider, in its sale to Constellation Software Inc. and its subsidiary Lumine Group Inc., and the related spin-out of the combined Lumine Group Inc. as a new public company listed on the TSX-V.

BMO Capital Markets

Acted for the underwriters led by BMO Capital Markets in the offering of C$500-million Ukraine Sovereignty Bonds by the Government of Canada to offer Canadians an opportunity to directly support Ukraine.

Agnico Eagle Mines Limited

Advised Agnico Eagle Mines Limited in its US$580-million investment in Minas de San Nicolas (MSN) (previously a wholly owned subsidiary of Teck Resources Limited), which owns the San Nicolas copper-zinc development project located in Zacatecas, Mexico. As a result of the transaction, Agnico Eagle and Teck will own 50% of MSN. The proceeds of the subscription will be used by MSN to fund the first US$580 million of post-closing development and construction costs.

Birch Hill Equity Partners and Kicking Horse Capital

Acted for Birch Hill Equity Partners and Kicking Horse Capital in connection with their respective investments in Tidewater Midstream and Infrastructure Ltd.

Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, RBC Dominion Securities, Merrill Lynch Canada Inc. and CIBC World Markets Inc. in the Canadian private placement of US$300 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

BofA Securities, Inc.

Acted for the initial purchasers, led by BofA Securities, Inc., in the Canadian private placement of C$500-million senior secured notes of Maxar Technologies Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its acquisition of a 35% interest in Green Star Royalties Ltd., a company focused on the origination of carbon sequestration projects and other green technology opportunities. In connection with its investment, Agnico was granted certain investor rights, including representation on Green Star's board and an ability to co-invest alongside Green Star in its future projects and investments.

The New York Life Insurance Company

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $150 million of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

Royal Bank of Canada

Acted for the underwriters led by Royal Bank of Canada in the inaugural green bond offering of C$5 billion by the Government of Canada.

Pacific Life Insurance Company

Acted for Pacific Life Insurance Company in the Canadian private placement of $600 million of floating-rate notes by Pacific Life Global Funding II, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Pacific Life Insurance Company.

Crombie REIT

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $200 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

Metropolitan Life Insurance Company

Acted for Metropolitan Life Insurance Company, BMO Nesbitt Burns, RBC Dominion Securities, Scotia Capital and TD Securities in the Canadian private placement of $450 million of fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.

J.P. Morgan

Acted for J.P. Morgan on the US$503-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

Nevada Gold Mines

Acted for Nevada Gold Mines (NGM), the Barrick-Newmont joint venture, in its asset exchange agreement to acquire the remaining 40% of the South Arturo property from i-80 Gold Corp in exchange for NGM's Lone Tree and Buffalo Mountain Properties, and in its conditional up to $50-million private placement in i-80 common shares.

CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.

Acted for syndicate of agents, co-led by CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc., in a $150-million offering of series J senior unsecured notes of Crombie REIT.

Morgan Stanley

Acted as Canadian counsel to Morgan Stanley in a private placement of $1 billion in fixed-to-floating-rate senior notes due 2027 (maple bonds).

BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc.

Acted for BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc. as joint solicitation agents for the solicitation of consents and proxies with respect to proposed amendments to the Greater Toronto Airports Authority's Master Trust Indenture.

Canaccord Genuity and Needham & Company

Acted for a syndicate of underwriters, led by joint bookrunners Canaccord Genuity and Needham & Company, in a marketed public offering of US$57.5-million of common shares of AcuityAds Holdings Inc. in the United States and Canada, representing AcuityAds' initial public offering in the United States.

BofA Securities, J.P. Morgan and BMO Capital Markets

Acted for BofA Securities, J.P. Morgan and BMO Capital Markets in a $400-million offering by Intertape Polymer Group of senior unsecured notes.

TD Securities Inc. and Goldman Sachs Canada Inc.

Acted for a syndicate of underwriters led by TD Securities Inc. and Goldman Sachs Canada Inc., as joint bookrunners, on the C$402.5-million initial public offering of Softchoice Corporation, a leading technology solutions provider in North America.

Scotia Capital Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $141.5 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

BMO Capital Markets, RBC Capital Markets and Scotiabank

Acted for BMO Capital Markets, RBC Capital Markets and Scotiabank on the US$594-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

The New York Life Insurance Company and New York Life Global Funding

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $1 billion of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

Points International Ltd.

Acted for Points International Ltd. in its $31.6-million bought deal public offering of common shares.

TD Securities Inc. and Canaccord Genuity Corp.

Acted for a syndicate of underwriters led by joint bookrunners, TD Securities Inc. and Canaccord Genuity Corp., in a $23-million bought deal treasury and secondary offering of common shares of AcuityAds Holdings Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its joint venture agreement with Newmont Corporation to form a 50-50 joint venture in respect of Newmont's earn-in agreement regarding the Anza gold exploration project and to seek other prospective gold targets of district-scale potential in Colombia.

Fine Capital Partners LP

Advised Fine Capital Partners LP, acting as investment manager for certain funds, in its financing of up to approximately US$18.5-million in exchangeable secured debentures issued by a newly formed subsidiary of WildBrain Ltd., a Canadian media production, distribution and broadcasting company.

Metropolitan Life Global Funding I, Bank of America Securities and TD Securities

Acted for Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, Bank of America Securities and TD Securities in the Canadian private placement of $500 million of fixed-rate notes by Metropolitan Life Global Funding I secured by a funding agreement issued by Metropolitan Life Insurance Company.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its completed private placement of US$100-million 2.78% guaranteed senior unsecured notes due 2030; and US$100-million 2.88% guaranteed senior unsecured notes due 2032.

Bank of Montreal, Royal Bank of Canada and The Bank of Nova Scotia

Acted for Bank of Montreal, Royal Bank of Canada and The Bank of Nova Scotia, as lenders, in the establishment of approximately $1.1 billion in secured margin loan facilities made available to a number of shareholders of GFL Environmental Holdings Inc. The margin loans were established in connection with the initial public offering of subordinate voting shares and tangible equity units of GFL Environmental Inc.

CIBC World Markets and BMO Capital Markets

Acted for CIBC World Markets and BMO Capital Markets as joint bookrunners with the offering of $100 million of trust units of Crombie REIT undertaken by a combination of a "bought deal" prospectus offering and a concurrent private placement.

BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities

Acted as Canadian counsel to the syndicate of initial purchasers led by BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities in an offering of US$450 million of senior secured notes of Garda World Security Corporation.

TD Securities Inc., National Bank Financial Inc. and Scotia Capital Inc.

Acted for a syndicate of agents, led by TD Securities Inc., National Bank Financial Inc. and Scotia Capital Inc. in a private placement of a $150 million of senior unsecured Series G notes due June 21, 2027, issued by Crombie Real Estate Investment Trust.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited to establish a base shelf prospectus qualifying up to US$1 billion of securities in Canada and the United States under the multi-jurisdictional disclosure system.

Fine Capital Partners LP

Advised Fine Capital Partners LP, acting as investment manager for certain funds, in providing a standby share purchase facility regarding a private placement rights offering in Canada by DHX Media Ltd., operating as WildBrain, a Canadian media production, distribution and broadcasting company. Under the standby share purchase facility, Fine Capital agreed to acquire up to $60 million of DHX shares in respect of rights that holders do not exercise.

BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities

Acted as Canadian counsel to the syndicate of initial purchasers led by BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities in an offering of US$779 million of 9.50% senior notes due 2027 of Garda World Security Corporation and to the solicitation agents in respect of the offer to purchase and consent to solicitation in respect of Garda World's US$625 million 8.75% senior notes due 2025.

Metropolitan Life Global Funding I and Merrill Lynch Canada Inc.

Acted for Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, and Merrill Lynch Canada Inc. in the Canadian private placement of $100 million of floating rate notes by Metropolitan Life Global Funding I secured by a funding agreement issued by Metropolitan Life Insurance Company.

Waste Management of Canada Corporation

Acted for Waste Management of Canada Corporation, an indirect wholly-owned subsidiary of Waste Management, Inc., in its Canadian private placement of $500 million of 2.60% notes due 2026, which were fully guaranteed by Waste Management, Inc. and Waste Management Holdings, Inc.

BMO Nesbitt Burns Inc.

Acted for the syndicate of underwriters, led by BMO Nesbitt Burns Inc., in a $150-million bought deal public offering of common shares of New Gold Inc.

Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., in a private placement of a $200 million senior unsecured Series F notes due August 26, 2026 issued by Crombie Real Estate Investment Trust.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its exploration, earn-in and option agreement with Arcelia Gold Corp. to form property-level joint venture in respect of the La Millionaria property in the State of Chihuahua, Mexico.

CIBC Capital Markets and Eight Capital

Acted for CIBC Capital Markets and Eight Capital as joint bookrunners, in the public offering of approximately $55 million of subordinated voting shares of Canopy Rivers Inc., an investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector, and the concurrent private placement, on an agency basis, of $30 million of subordinated voting shares of Canopy Rivers to Canopy Growth Corporation.

TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated

Acted as Canadian counsel for the dealer managers, TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in Thomson Reuters' substantial issuer bid/tender offer for up to US$9 billion of its common shares and the subsequent US$2 billion return of capital by Thomson Reuters' effected by way of plan of arrangement.

Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc., in a private placement of a $175 million senior unsecured Series E notes due January 31, 2025 issued by Crombie Real Estate Investment Trust.

Bank of America Merrill Lynch

Acted as Canadian counsel to the syndicate of initial purchasers, led by Bank of America Merrill Lynch, in the US$250-million offering by Intertape Polymer Group Inc. of 7.00% senior notes due 2026 by private placement in the United States and Canada.

The Carlyle Group

Acted as Canadian counsel to The Carlyle Group for the term loan and senior note offering financing for its joint acquisition with GIC of the global specialty chemicals business of Akzo Nobel N.V.

tZERO.com, subsidiary of Overstock.com

Acting as Canadian counsel for tZERO.com, the financial technology subsidiary of Overstock.com, in its USD$250-million offering of security tokens using blockchain technology by way of a Simple Agreement for Future Equity (SAFE).

Equibit Group Ltd.

Acted for Equibit Group Ltd., a blockchain development company focused on building a decentralized securities network that facilitates the issuance and transfer of securities on the blockchain.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its US$80-million acquisition of the Santa Gertrudis gold project in Mexico from GoGold Resources Inc. In connection with the acquisition, Agnico Eagle provided GoGold with a US$7.5 million term loan, secured by a second ranking charge on all of GoGold's assets, which will be set off against the purchase price at the closing of the acquisition.

Titan Mining Corporation

Acted for Titan Mining Corporation in its $52-million initial public offering of 36,950,000 common shares.

McDonald's Corporation

Acted for McDonald's Corporation in its offering by private placement in Canada of $1 billion of 3.125% notes due 2025, which were issued under McDonald's global MTN program.

Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc., in connection with the offering by United Parcel Services, Inc., of $750 million of 2.125% notes due 2024.

HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc., in connection with the offering by PepsiCo, Inc., of $750 million of 2.150% notes due 2024 by private placement in Canada.

Arizona Mining Inc.

Acted for Arizona Mining Inc. in connection with its $36-million public offering of common shares.

BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank

Acted for a syndicate of underwriters BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank in connection with Centerra Gold Inc.'s $195-million public offering of subscription receipts. The proceeds of the offering were used to partially finance Centerra's $1.1 billion purchase of Thompson Creek Metals Company Inc.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for a syndicate of purchasers, led by Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., in connection with the $1-billion private placement of senior unsecured notes issued by Molson Coors International LP.

Unique Fabricating, Inc.

Acted as Canadian counsel to Unique Fabricating, Inc. in connection with its $27.5-million acquisition of all of the assets of Intasco Corporation and all of the outstanding capital stock of Intasco-USA Inc., Intasco's U.S. affiliate, and in connection with a related US$62-million senior credit facility.

Morgan Stanley and RBC Capital Markets

Acted for a syndicate of underwriters co-led by Morgan Stanley and RBC Capital Markets in connection with a cross-border US$86-million public offering of trust units of Sprott Physical Silver Trust.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private placement of an aggregate of over $100 million of securities consisting of $51 million of two series of unsecured high yield notes and $53 million of a new class of non-voting, convertible, redeemable preferred shares.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. in connection with the $900-million private placement of senior unsecured notes issued by Molson Coors International LP.

RBC Dominion Securities Inc. and CIBC World Markets Inc.

Acted for a syndicate of agents led by RBC Dominion Securities Inc. and CIBC World Markets Inc. in connection with the initial public offering of Energy Credit Opportunities Income Fund, a closed-end investment fund which is managed by Purpose Investments Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its acquisition of Cayden Resources Inc. under a plan of arrangement for approximately $205 million.

HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC

Acted for a syndicate of underwriters led by HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC in connection with an offering by Goldcorp Inc. in the United States under the multi-jurisdictional disclosure system of US$1 billion in aggregate principal amount of notes, consisting of US$550 million aggregate principal amount of 3.625% notes due June, 2021 and US$450 million aggregate principal amount of 5.450% notes due June, 2044.

Edgecrest Capital Corporation and Canaccord Genuity Corp.

Acted for a syndicate of agents consisting of Edgecrest Capital and Canaccord Genuity in connection with a two tranche public offering of $62-million of convertible unsecured subordinated debentures and common share purchase warrants of North American Palladium Ltd. The securities were offered in Canada by way of a prospectus and in the United States by way of a registration statement filed under the Multi-Jurisdictional Disclosure System.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private offering of debt and equity securities for aggregate proceeds of $148 million.

Noteholders

Acted for a group of noteholders of the approximately $10-billion Master Asset Vehicle II (MAV II), in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $40 million limited partnership units by MRF 2013 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas or mining sectors.

Morgan Stanley and RBC Capital Markets

Acted as Canadian counsel to the syndicate of underwriters led by Morgan Stanley and RBC Capital Markets in a cross-border US$280-million initial public offering of Sprott Physical Platinum and Palladium Trust.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its completed private placement of US$100-million 4.87% guaranteed senior unsecured notes due 2022 and US$100-million 5.02% guaranteed senior unsecured notes due 2024.

Stornoway Management Inc.

Acted for Stornoway Portfolio Management Inc., a shareholder of Jovian Capital Corporation in connection with shareholders' concerns regarding Jovian's Management Profit Sharing Plan.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the establishment of its $150-million letter of credit facility.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $60 million limited partnership units by MRF 2012 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas, mining or renewable energy sectors.

CIBC World Markets Inc. and Scotia Capital Inc.

Acted for a syndicate of underwriters co-led by CIBC World Markets inc. and Scotia Capital Inc. in a $67.1-million bought deal public offering of trust units of Crombie Real Estate Investment Trust.

Bank of America Merrill Lynch

Acted as Canadian counsel for a syndicate of underwriters led by Bank of America Merrill Lynch in connection with a US$80-million cross-border follow-on public offering of common shares of YM BioSciences Inc.

Mercantil Colpatria S.A.

Acted as Canadian counsel to Mercantil Colpatria S.A. and its affiliates in connection with the US$1-billion purchase of 51% of Banco Colpatria Red Multibanca Colpatria S.A. by The Bank of Nova Scotia.

Stornoway Capital Partners Inc.

Acted for noteholders of Specialty Foods Group in connection with the exchange of Exchangeable Subordinated Notes.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the acquisition of Grayd Resource Corporation by way of takeover bid for $275 million.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its amended and restated US$1.2-billion unsecured revolving credit facility that matures June 2016.

Husky Injection Molding Systems Ltd.

Acted for the management of Husky Injection Molding Systems Ltd. in connection with their participation in the acquisition of Husky by Berkshire Partners and OMERS Private Equity for $2.1 billion.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the renewal of its US$500-million base shelf prospectus.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. (formerly Barrett Xplore Inc.) in connection with the private offering of $230 million of securities, one of the largest Canadian financing telecom projects to be announced in 2011.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $60 million limited partnership units by MRF 2011 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas, mining or renewable energy sectors.

BofA Merrill Lynch and TD Securities

Acted for a syndicate of underwriters co-led by BofA Merrill Lynch and TD Securities in connection with a $500-million private placement in Canada of 3.95% Series A senior unsecured notes issued by Molson Coors International LP and guaranteed by Molson Coors Brewing Company and certain of its U.S. and Canadian subsidiaries.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its acquisition of Comaplex Minerals Corp.'s Meliadine gold project, by way of a "spin-off" plan of arrangement in which Comaplex shareholders received Agnico-Eagle shares and, except for the largest Comaplex shareholder, shares of Geomark Exploration Ltd., a newly-created company that holds Comaplex's non-Meliadine assets.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its US$1.2 billion unsecured revolving credit facilities made available by syndicates of domestic and foreign lenders.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the private placement to institutional investors in the United States and Canada of an aggregate of US$600 million guaranteed senior unsecured notes due 2017, 2020 and 2022.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $50 million limited partnership units by MRF 2010 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas, mining or renewable energy sectors.

ING Groep N.V.

Acted as Canadian counsel to ING Groep N.V. in connection with its EUR 7.5-billion rights issue.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited with respect to an amended and restated US$600 million unsecured revolving credit facility (increased from US$300 million) and an amended and restated US$300 million unsecured revolving credit facility.

ING Groep N.V.

Acted for ING Groep N.V. in the sale of its entire 70% stake in ING Canada Inc. through a public offering and a concurrent private placement of shares of ING Canada for gross proceeds of $2.2 billion.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the renewal of its US$500-million base shelf prospectus.

GMP Securities L.P. and TD Securities Inc.

Acted for a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc. in a $210-million bought deal public offering of trust units of CI Financial Income Fund.

Credit Suisse

Acted for Credit Suisse in the establishment of its $2-billion medium term note program.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its US$34-million prospectus issuance of common shares to Fidelity Management and Research Company.

Lehman Brothers

Acted for Lehman Brothers in connection with the US$360-million purchase and resale of senior notes of Calpine Canada Resources Company.

Khan Resources Inc.

Acted for Khan Resources Inc. in its $30-million underwritten public offering of common shares.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited as it amended its existing credit facility with a syndicate of lenders to increase the amount from US$150 million to US$300 million and the term of the credit facility was extended by two years.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in a US$250 million bought deal cross-border public offering of common shares in Canada and the United States.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its US$66.8 million acquisition of the Pinos Altos project in Mexico from Industrias Penoles S.A. de C.V.

BMO Nesbitt Burns and TD Securities Inc.

Acted for two separate syndicates of underwriters co-led in Canada by BMO Nesbitt Burns and TD Securities Inc. and in the U.S. by J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated in private placement offerings by Molson Coors Capital Finance ULC of $900 million 5.00% senior notes due 2015 in Canada and US$300 million 4.85% senior notes due 2010 in the United States. The senior notes issued in Canada were subsequently exchanged for 5.00% senior notes due 2015 of Molson Coors Capital Finance qualified by a Canadian prospectus filed under the northbound multi-jurisdictional disclosure system.

Doing Business in Canada 2023, contributor

Nov. 14, 2023 - Davies’ Doing Business in Canada guide provides executives, in-house counsel and foreign investors with an overview of the legal framework governing Canadian business operations and outlines key considerations for investing and conducting business in Canada…

If It Ain’t Broke… Davies Comments on Draft Capital Markets Act

Feb. 25, 2022 - Davies has submitted a comprehensive comment letter on a new Capital Markets Act (CMA) proposed by the Ontario Ministry of Finance, on the recommendation of the Capital Markets Modernization Taskforce, to replace the Ontario Securities Act. Although some modifications to Ontario...

CSA Introduces a Streamlined Shelf Prospectus Regime for “Well-Known Seasoned Issuers”

Dec. 13, 2021 - The Canadian Securities Administrators (CSA) recently announced that each of its members has adopted a blanket order (collectively, Blanket Orders) to make available to “well-known seasoned issuers” (WKSIs) a streamlined shelf prospectus qualification procedure (WKSI regime). This regime is...

Davies Highlights Concerns with Proposals to Modernize Ontario’s Capital Markets

Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...

At-the-Market Distributions Arrive in Canada

June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief.¹ Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution...

COVID-19: Canadian Public Disclosure Considerations During the Pandemic

Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...

Keep It Between Us: Canadian Securities Regulators Adopt Confidential Prospectus Review Process

Mar. 06, 2020 - Canadian public issuers and those issuers contemplating a Canadian IPO may now file a prospectus for review by securities regulators’ staff on a confidential basis. Under this new process, an issuer may submit a near-final draft preliminary prospectus to its principal securities regulator without...

You Say You Want Evolution? Well…Canadian Securities Regulators Are Now Reshaping Yesterday’s Rules

Mar. 04, 2020 - No longer content to just “let it be,” Canadian securities regulators are now proposing to reshape yesterday’s rules to work for today’s modern capital markets and practices. Over the past few years, the Ontario Securities Commission (OSC) and other members of the Canadian Securities...

OSC Offers Pre-Filing Review of Technical Disclosure for Mining Issuers Expecting to File a Prospectus

June 10, 2019 - The Ontario Securities Commission (OSC) recently announced the adoption of a pre-filing review regime for mining issuers (see Staff Notice 43-706 – Pre-filing Review of Mining Technical Disclosure). The regime is available to mining issuers that plan to launch a public offering under a...

CSA Proposes New At-the-Market Distribution Regime

May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...

Obey or Pay: OSC Warns Off-Shore, Unregistered Trading Platforms Offering Securities to Ontario Investors

Oct. 15, 2018 - The Ontario Securities Commission (OSC) recently approved a settlement agreement with eToro (Europe) Limited (eToro), a Cyprus-based brokerage firm that operates an online cryptocurrency and stock trading platform, imposing over C$2.8 million in penalties on eToro for violating registration and...

CSA Offers Tips for Token Offerings: Direction or Deterrence?

June 28, 2018 - The Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 – Securities Law Implications for Offerings of Tokens (2018 Notice). Released on June 11, 2018, it provides some long-awaited clarity on the CSA’s view on token offerings, commonly known as initial coin...

Demystifying Crypto in Canada: Will 2018 Be the Year of Blockchain?

Mar. 07, 2018 - The year 2017 was one of tremendous growth for blockchain, as the technology underlying Bitcoin gained attention from mainstream media outlets, financial institutions, investment funds and securities regulators across the globe. Blockchain’s rise to prominence was led by an interest in...

Rob Murphy Talks to The Lawyer’s Daily About Concerns over the CSA’s “Regulatory Sandbox”

Nov. 27, 2017 - In an article published in The Lawyer’s Daily, Davies partner Rob Murphy discusses concerns surrounding the decisions to grant exemptive relief to Montréal-based Impak Finance Inc. and Toronto-based TokenFunder Inc. to allow them to launch initial coin offerings (ICOs). The exemptions...

Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using MJDS

Sept. 21, 2015 - The multijurisdictional disclosure system (MJDS) permits eligible Canadian issuers to publicly offer securities in the United States by using a prospectus that is prepared principally in accordance with Canadian disclosure requirements. The MJDS also enables these issuers to substantially satisfy...

Let’s Meet Halfway: CSA Adopts Amendments to Streamline Venture Issuers’ Disclosure

Apr. 15, 2015 - On April 9, 2015, the Canadian Securities Administrators (CSA) announced the adoption of amendments to continuous disclosure, governance and prospectus disclosure requirements (the Amendments).¹ Most of the Amendments streamline the disclosure requirements for venture issuers and aim to...