On August 4, 2020, Magna Terra Minerals Inc. completed the acquisition of Anaconda Mining Inc.’s wholly-owned subsidiary, 2647102 Ontario Inc. (“ExploreCo”) by issuing a total of 12,493,482 common shares of Magna Terra on a post consolidation basis. As a result, Magna Terra acquired a 100% interest in the Great Northern and Viking Projects in Newfoundland and Labrador and the Cape Spencer Project in New Brunswick.
Cassels acted for Anaconda with a deal team that included Alexander Pizale and Conrad Lee (Securities, M&A and Mining).