Aird & Berlis LLP is pleased to present the March 2017 edition of Doing Business in Canada.
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Doing Business in Canada
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On March 13, 2017, Trevali Mining Corporation entered into definitive agreements with Glencore PLC and certain of its subsidiaries to acquire a portfolio of zinc assets from Glencore, including an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in Burkina Faso, an effective 39% interest in the Gergarub project in Namibia, and an option to acquire 100% interest in the Heath Steele property in Canada for an aggregate purchase price of approximately US$400 million.
On March 29, 2017, Trevali completed its bought-deal private placement of 220,455,000 subscription receipts at a price of $1.20 per subscription receipt for aggregate gross proceeds of C$264,546,000.