representative work

Kirkland Lake Gold Announces $4.9 Billion Acquisition of Detour Gold


On November 25, 2019, Kirkland Lake Gold Ltd. and Detour Gold Corporation announced that they have entered into a definitive agreement in which Kirkland Lake Gold will acquire all of the outstanding common shares of Detour Gold pursuant to a plan of arrangement. Under the arrangement, each Detour Gold share will be exchanged for 0.4343 of a Kirkland Lake Gold share. The implied equity value of the transaction is equal to approximately $4.9 billion.

Cassels is acting as external counsel to Kirkland Lake Gold with a team that includes Jamie Litchen, Jay Goldman, Paul Stein, Jeff Roy, Jonathan Chandler, Aimee O’Donnell and Kelly Lee (Mining, Securities and M&A), Chris Hersh (Competition), Chris Norton (Tax), Caitlin Russell (Employment & Labour), and Jenna Clark and Winda Fung (Financial Services).