On October 12, 2021, DDH1 Limited and Swick Mining Services announced that they agreed to in-principle terms, made under a conditional, non-binding indicative proposal to merge their respective businesses by way of a scheme of arrangement. Swick shareholders are to receive 0.2970 new DDH1 shares pursuant to the scheme for each Swick share held, reflecting an enterprise value of $115 million for Swick.
Cassels is acting as Canadian counsel to DDH1.