Jonathan is developing a diverse corporate practice.
He has assisted our clients with private and public mergers and acquisitions, banking matters, private and public financings, corporate governance and other corporate matters.
Acted for Fortis Inc. with concurrent offerings of common shares for aggregate proceeds of approximately $1.2 billion. The offerings included a $690-million bought deal in Canada and the U.S. using the multijurisdictional disclosure system, including the exercise by the underwriters of their over-allotment option, and a concurrent $500-million registered direct offering to an institutional investor. Each of the offerings was made pursuant to a prospectus supplement under Fortis' existing base shelf prospectus.
Acted as Canadian counsel to Berkshire Partners in the $800-million sale of Farm Boy, a fast-growing and successful Canadian food retailer, to Empire Company Limited.
Barrick Gold Corporation
Acted for Barrick Gold Corporation in connection with its strategic equity investment in Midas Gold Corp., which is advancing the Stibnite Gold Project in Idaho, and the negotiation of a related investor rights agreement.
Barrick Gold Corporation
Acted for Barrick Gold Corporation in its strategic equity investment in Reunion Gold Corporation and the negotiation of a related investor rights agreement.
Acted for Optiva Inc., a digital monetization service provider, in its $68-million rights offering of subordinate voting shares and subsequent $28 million private placement with ESW Capital, LLC. The transaction is the result of a strategic review that was overseen by the Special Committee of Optiva's board of directors.
Acted for SmartREIT in its $1.1-billion acquisition with Strathallen Acquisitions Inc. of OneREIT.
Agnico Eagle Mines Limited
Acted for Agnico Eagle Mines Limited in connection with its strategic equity investment in Candelaria Mining Corp. and negotiation of an investor rights agreement.
Acted for Fortis Inc. in its $500-million public offering, by way of prospectus supplement, of 2.85% senior unsecured notes due 2023. Fortis established its first cross-border shelf prospectus on November 30, 2016, using the multijurisdictional disclosure system.
Acted for the Special Committee of the Board of Directors of SunOpta Inc. in connection with its strategic alternatives review process which culminated in a US$85-million equity investment by Oaktree Capital Management, L.P. in exchangeable preferred shares of a SunOpta subsidiary with the support of activist shareholders Engaged Capital and Tourbillon Capital.
CIBC Capital Markets, BMO Capital Markets, Scotiabank and TD Securities Inc.
Acted for a syndicate of underwriters, co-led by CIBC Capital Markets, BMO Capital Markets, Scotiabank and TD Securities Inc. in connection with a bought deal public offering of $131.6 million of subscription receipts issued by Crombie Real Estate Investment Trust (Crombie). The net proceeds of the offering will be used to partially finance Crombie's $418-million portfolio acquisition.
TSX Launches Sandbox Initiative for Issuers That Do Not Satisfy Standard Listing Conditions
Apr. 17, 2019 - In its April 12, 2019 Staff Notice (2019-0002), the Toronto Stock Exchange (TSX) announced a framework to govern the exercise of its discretion to accept listing applications that do not satisfy the TSX’s listing conditions. The guidance in Staff Notice 2019-0002 covers both initial applications to...
The CSA Considers Reducing Regulatory Burdens for Reporting Issuers
Apr. 10, 2017 - On April 6, 2017, the Canadian Securities Administrators (CSA) released Consultation Paper 51-404, Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers. The paper identifies and offers for consideration options to reduce the regulatory burden associated...