Adria Leung Lim

Partner Admitted to the Ontario Bar: 2010
Admitted to the Alberta Bar: 2010

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  • Bio
  • Awards & Recognition
  • Professional Involvement
  • Representative Matters
  • Selected Speaking Engagements
  • Selected Publications
  • Insights
  • Education

Adria is committed to building long-standing relationships with her clients by keeping their interests top of mind and providing practical advice in a timely manner. She consistently works to strengthen her clients’ businesses and achieve their goals by providing effective solutions to their legal issues and negotiating complex transactions. Adria’s depth of knowledge in corporate and securities law has been established through acting on domestic and cross-border transactions for companies ranging from small start-ups to large public companies listed on the TSX and other international exchanges.

Adria is a member of the firm’s Capital Markets Group and Chair of the firm’s Mining Group. Her practice involves executing public offerings and private placement financings, mergers and acquisitions, go-public transactions, including reverse takeovers and initial public offerings, corporate reorganizations, and ongoing corporate and commercial matters. She advises on general securities compliance matters such as corporate governance, continuous disclosure and other regulatory matters. She advises clients across a variety of industries, including mining, life sciences and technology. She works on specialized transactions, including royalty and streaming transactions, and joint venture arrangements.

Adria is the Co-Chair of the Aird & Berlis Women’s Initiative, providing women lawyers with a platform to connect, support one another and overcome challenges to achieve professional success. As a member of the firm’s Diversity & Inclusion Committee, she is committed to promoting inclusion and raising awareness through meaningful discussion and programming. Adria is also a long-standing member of the firm’s Student Recruitment Committee, recruiting students and helping them successfully transition into the associate ranks.

Adria is recognized in The Canadian Legal Lexpert Directory as a Leading Lawyer to Watch in the area of Corporate Finance & Securities and in Chambers Canada as an Up & Coming Lawyer in Cannabis Law. She is also listed as a Lawyer to Watch in the 2024 Lexpert Leading Canadian Lawyers in Finance and M&A and Energy and Mining Special Editions and recognized as one of Lexpert magazine’s 2023 Rising Stars: Canada’s Leading Lawyers under 40. Prior to beginning her legal practice, Adria worked for a large financial institution and a Big Four accounting firm.

Other Languages

Cantonese

Awards & Recognition

  • Recognized in Chambers Canada as an Up & Comer in Cannabis Law
  • Recognized in Lexpert's 2024 Leading Canadian Lawyers in Energy and Mining Special Edition as a Lawyers to Watch
  • Recognized in Lexpert's 2024 Leading Canadian Lawyers in Finance and M&A Special Edition as a Lawyers to Watch
  • Recognized in The Canadian Legal Lexpert Directory as a Leading Lawyer to Watch in the area of Corporate Finance & Securities
  • Recognized as a Lexpert Rising Star 2023: Leading Lawyer Under 40

Professional Involvement

Community Involvement

  • Director, Ontario Federation for Cerebral Palsy
  • Big Brothers Big Sisters of Canada
  • Habitat for Humanity
  • YMCA

Representative Matters

Represented Independent Trading Group (ITG) Inc., as lead agent and sole bookrunner, in Willow Biosciences Inc.’s brokered private placement of units.

Represented BZAM, a leading Canadian cannabis producer, in the acquisition of Final Bell Canada, an end-to-end supply chain system for cannabis brands, from Final Bell Holdings International.

Represented Cybin Inc. (NEO:CYBN) (NYSE American: CYBN), a life sciences company focused on psychedelic pharmaceutical therapies, in the launch of its US$35-million at-the-market equity program. 

Represented Cybin Inc. (NEO:CYBN) (NYSE American: CYBN), a life sciences company focused on psychedelic pharmaceutical therapies, in the completion of its US$8.25-million overnight marketed public offering of units.

Represented Maritime Resources Corp. (TSXV: MAE) in all aspects of its acquisition of Point Rousse Mining Inc., owner of the Point Rousse Project located in Newfoundland and Labrador, including two concurrent financings, a memorandum of understanding with New Found Gold, and a financing and cooperation agreement with Shoreline Aggregates Inc.

Acted as legal counsel to San Cristobal Mining Inc., a private mining company formed under the laws of British Columbia, in its acquisition of Minera San Cristóbal S.A. and all associated assets from Sumitomo Corporation, as well as a related equity financing and two debt financings.

Legal counsel to MediPharm Labs Corp. (TSX:LABS) in its acquisition of VIVO Cannabis Inc. 

Represented The Green Organic Dutchman Holdings Ltd. (CSE:TGOD) in the completion of a marketed public offering of units.

Advised The Green Organic Dutchman Holdings Ltd. (CSE:TGOD), a sustainable Canadian cannabis company and producer of premium, organically grown cannabis, in completing the acquisition of BZAM Holdings Inc., a privately-owned producer of flower and 2.0 products.

Represented Harborside Inc. (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, in its acquisitions of Loudpack and Urbn Leaf.

Representing The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US-OTC:TGODF), a leading producer of premium certified organically grown cannabis, in connection with its acquisition of all of the issued and outstanding shares of Galaxie Brands Corporation, with initial share consideration valued at approximately $21 million.

Represented Baylin Technologies Inc. (TSX:BYL), a leading, diversified, global technology company, in its completion of a private placement offering of 17,648,000 common shares at a price of $0.85 per common share for aggregate gross proceeds of approximately $15 million.

Acted as legal counsel to Golconda Gold Ltd. (formerly Galane Gold Ltd.) (TSXV:GG, OTCQB:GGGOF), an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico, in its completion of a US$5 million stream transaction related to its Galaxy project in South Africa with Empress Royalty Holding Corp. 

Represented Galane Gold Ltd. (TSXV: GG; OTCQB: GGGOF), a gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico, in connection with its acquisition of the Summit Mine and Banner Mill in New Mexico and a private placement.

Represented Maritime Resources Corp. (TSXV: MAE) in connection with the closing of an asset purchase agreement with two subsidiaries of Rambler Metals and Mining PL.

Represented PsyBio Therapeutics, Inc., a biotechnology company developing a new class of drugs intended for the potential treatment of mental health challenges and other disorders, in the completion of its reverse takeover of PsyBio Therapeutics Corp. (formerly Leo Acquisitions Corp.) (TSXV:PSYB) and related private placement offering of subscription receipts for aggregate gross proceeds of $14.5 million.

Represented Harborside Inc., a California-focused, vertically-integrated cannabis enterprise, in the completion of a brokered private placement offering of units for aggregate gross proceeds of approximately $35 million.

Represented Thar Process, Inc., a U.S.-based provider of CO2 extraction and purification solutions for the hemp and cannabis industries, in the completion of a US$10 million private placement.

Represented Harborside Inc. (formerly Lineage Grow Company Ltd.) (CSE: HBOR) in the completion of its reverse takeover of FLRish, Inc. pursuant to the terms of a merger agreement among the Company, FLRish and Lineage Merger Sub Inc. by way of a “three-cornered merger.”

Represented Harvest One Cannabis Inc. (TSXV: HVT), a global cannabis company in the health and wellness space, in its acquisition of biotechnology company Delivra Corp.

Represented Santé Veritas Holdings Inc. in connection with a business combination with Baker Technologies, Inc., Briteside Holdings, LLC and Sea Hunter Therapeutics, LLC to form TILT Holdings Inc.

Represented Golden Reign Resources Ltd. in connection with a business combination through a plan of arrangement with Marlin Gold Mining Ltd.

Represented Lundin Mining Corporation in its agreement to purchase an 80% ownership stake in the Candelaria/Ojos del Salado copper mining operations and support infrastructure from Freeport-McMoRan Inc. for total cash consideration of US$1.8 billion and contingent consideration of up to US$200 million.

Represented Rubicon Minerals Corporation in its $10 million flow-through financing.

Represented CannaRoyalty in its $15 million bought deal offering.

Represented Dundee Precious Metals Inc. with the closing of its $43.7 million strategic equity investment by the European Bank for Reconstruction and Development.

Represented AGT Food and Ingredients Inc. in its $200 million senior notes offering.

Represented EcoSynthetix Inc. in its $100 million initial public offering.

Represented Volta Resources Inc. in its private placement of special warrants for aggregate gross proceeds of $40 million.

Represented the underwriting syndicate in Sarama Resources Ltd.’s $16.7 million initial public offering.

Represented Auryx Gold Corp. in its business combination with B2Gold Corp.

Represented Socius Capital Group, LLC in its $150 million private placement with Xcite Energy Limited.

Represented Southern Andes Energy Inc. in its merger with Macusani Yellowcake Inc.

Represented Starlight Investments Ltd. in its $2.3 billion acquisition of Transglobe Apartment Real Estate Investment Trust.

Represented Wand Capital Corporation’s initial public offering and qualifying transaction through a plan of arrangement with True North Apartment Real Estate Investment Trust.

Represented New Gold Inc. in its $500 million private offering of senior notes.

Represented Tanq Capital Corporation’s initial public offering and qualifying transaction through a plan of arrangement with True North Commercial Real Estate Investment Trust.

Represented Sandstorm Gold Ltd. in its acquisition of $70.7 million worth of common shares and warrants of Premier Gold Mines Ltd.

Represented Sandstorm Gold Ltd. and execution of a $55 million comprehensive financing package with Entree Gold Inc.

Represented True North Commercial Real Estate Investment Trust in its $55.7 million bought deal offering of trust units.

Represented Colossus Minerals Inc. in its June 2013 $28.7 million bought deal offering of common shares, and its August 2013 $37.9 million public offering of units consisting of common shares and warrants.

Selected Speaking Engagements

Speaker, "ESG and Sustainability Issues: A Canadian Lens," Brazil Lithium Summit, June 12-13, 2024.

Co-Presenter, "Mining Series: Part 2 - Unlocking Opportunities in Latin America - Spotlight on Bolivia," Aird & Berlis LLP Webinar, February 29, 2024.

Co-Presenter, "Mining Series: Part 1 - An Overview of Canada's Mineral Sector," Aird & Berlis LLP Webinar, February 27, 2024.

Panellist, "Women Professionals & Lawyers Discuss the "Second Shift" as Family Caregivers," Aird & Berlis Women’s Initiative, November 30, 2023.

Co-Presenter, "Reinventing You: Personal Branding and Authenticity in the Workplace," Aird & Berlis LLP Webinar with Wattpad, October 20, 2022.

Co-Presenter, "Women Today: Caregiving, Career, Mental Health & Resilience," Aird & Berlis LLP Webinar, October 19, 2021.

Panellist, "Determining a Better Future: The Role for Next Generation Lawyers," Interlaw ESG Panel, October 18, 2021.

Co-Presenter, "Outlook on the Canadian Mining Sector: Opportunities for Growth and Investment," Aird & Berlis LLP Webinar, February 11, 2021.

Speaker, "Ethical Issues when Buying or Selling a Business," OBA 7th Annual Professional Issues for Business Lawyers, October 23, 2019.

Selected Publications

Quoted in "Progress on Critical Minerals, but Foreign Investment Scrutiny Squeezing Capital Access: Lawyers," Lexpert, September 9, 2024.

"Glencore’s Acquisition of Teck: Impact on the Future of Mining Transactions in Canada," Co-Author with Stephen Zolf and Russell J. Sanders, Aird & Berlis LLP, August 12, 2024.

"Mining at a Crossroads: A Deep-Delve Into the State of Canada’s Natural Resources Space in 2021," Lexpert, April 14, 2021.

"Legislative Amendments in Response to COVID-19 for Flow-Through Shares Obligations in the Canadian Mining Sector," Co-Author with Al Turnbull, Aird & Berlis LLP Capital Markets Bulletin, January 6, 2021.

"A Cautionary Tale in Publishing Misleading Technical Reports," Co-Author with Emily Chittick, Aird & Berlis LLP Capital Markets Bulletin, November 18, 2020.

"The Use of Flow-Through Shares in the Canadian Mining Sector Amidst COVID-19," Aird & Berlis LLP Capital Markets Bulletin, November 10, 2020.

"A Primer on Disclosure Standards and Requirements in the Canadian Mining Sector," Co-Author with David Mba, Aird & Berlis LLP Capital Markets Bulletin, September 2, 2020.

"COVID-19 Update: Ontario Provides Temporary Relief Relating to Meeting Requirements Under the Corporations Act (Ontario) and Business Corporations Act (Ontario)," Co-Author with Melanie Cole and David Mba, Aird & Berlis LLP Capital Markets Bulletin, April 8, 2020.

"COVID-19 Update: Securities Regulators Grant Temporary Filing Relief," Co-Author with Melanie Cole and David Mba, Aird & Berlis LLP Capital Markets Bulletin, April 8, 2020.

"The Impact of COVID-19 on Disclosure and Filing Deadlines: Regulator Relief and Other Considerations for Canadian Public Companies," Co-Author with Melanie Cole and Gaurav Gopinath, Aird & Berlis LLP Capital Markets Bulletin, March 25, 2020.

"Virtual Shareholders’ Meetings: Navigating Social Distancing During Proxy Season in Light of COVID-19," Co-Author with Melanie Cole and David Mba, Aird & Berlis LLP Capital Markets Bulletin, March 20, 2020.

Education

  • LLB, University of Alberta, 2009
  • B.Comm. (with distinction), University of Alberta, 2006
  • B.Comm. (Business Exchange Program), Hong Kong University of Science and Technology, 2005