On February 2, 2021, TMAC Resources Inc. completed a plan of arrangement pursuant to which Agnico Eagle Mines Limited acquired all of the issued and outstanding common shares of TMAC by way of a statutory plan of arrangement under the Business Corporations Act (Ontario). Each TMAC shareholder will receive cash consideration of $2.20 for each common share held, for a total equity value of approximately $286.6 million.
Cassels acted for TMAC.
This transaction was named Mid-Market Deal of the Year at the 2022 Canadian Law Awards.