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
Red 5 and Silver Lake Resources to Merge in A$2.2-Billion Transaction
Davies is acting as Canadian counsel to Red 5 Limited, an Australia-based gold miner, in a merger of equals with Silver Lake Resources, creating a leading mid-tier gold company with a combined value of approximately A$2.2 billion. The transaction is expected to close in June 2024.
The Davies team advising on this transaction includes Richard Fridman, Melanie Shishler, Jonas Farovitch and Matthew Auvinen (Public M&A); Sarah Powell and Robyn Barabash (Environment); Steve Willard (Real Property); and Jim Dinning (Regulatory).
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Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
