Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Announcement
Triple Flag Goes Public in Canada’s Largest Mining-Related IPO in Nine Years
Triple Flag Precious Metals Corp. has raised more than US$250 million in its initial public offering (IPO) in Canada.
Davies acted for the syndicate of underwriters led by BofA Securities, Credit Suisse Group and Scotiabank in the offering – the largest mining debut since 2012 and the fifth-largest metals and mining IPO in Canadian history.
Triple Flag is a gold-focused streaming and royalty company based in Toronto. Backed by Elliott Management, the company offers bespoke financing solutions to the metals and mining industry. Proceeds from the IPO will be used to repay debt.
The Davies team advising on the offering included Patricia Olasker, Steven Cutler, Jared Solinger and Avani Verma (Capital Markets) and Geoffrey Turner (Tax).
Related
Dec. 15, 2023 - In a positive development since our earlier bulletin, the U.S. House and Senate have decided to retain the exemptions from obligations imposed under section 16 of the Securities Exchange Act of 1934 that are relied upon by insiders of dual-listed Canadian public companies and other...
