representative work

TMAC Resources Completes $286.6 Million Sale to Agnico Eagle

02/02/2021

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 with a deal team that included Jay Goldman, Lindsay Clements and Jasmine Qin (Securities, M&A and Mining), Jason Arbuck and Jenna Clark (Banking & Specialty Finance), Chris Hersh (Competition & Foreign Investment), Lara Jackson and Stephanie Voudouris (Litigation) and Kristin Taylor (Employment & Labour).