Richard Fridman

Partner

Richard Fridman

Richard Fridman

Partner

Bar Admissions
  • Ontario, 2002
    New York, 2000
    Québec, 1997

Clients consider Richard a “strong lawyer,” “very experienced” and “a guy who can get things done.” (Chambers Global 2016)

Public and private sector clients in Canada and the U.S. trust Richard for business-minded, creative advice on all aspects of their most important business transactions and mergers and acquisitions activity. They value his expertise on both the buy and the sell sides. He is also regularly consulted for his advice on corporate governance and shareholder rights–related matters.

While Richard provides advice across industries, including energy, technology and real estate, he has particular experience in the mining sector. Global players – including major producers, junior exploration companies and private equity firms – appreciate Richard’s tailored advice on diverse matters, including joint ventures, earn-in agreements, metals streaming transactions, royalties and off-take arrangements.

Richard is a board member of the Pine River Institute, a residential treatment centre for youth struggling with addictive behaviours.

Richard Fridman

Partner

Clients consider Richard a “strong lawyer,” “very experienced” and “a guy who can get things done.” (Chambers Global 2016)

Public and private sector clients in Canada and the U.S. trust Richard for business-minded, creative advice on all aspects of their most important business transactions and mergers and acquisitions activity. They value his expertise on both the buy and the sell sides. He is also regularly consulted for his advice on corporate governance and shareholder rights–related matters.

While Richard provides advice across industries, including energy, technology and real estate, he has particular experience in the mining sector. Global players – including major producers, junior exploration companies and private equity firms – appreciate Richard’s tailored advice on diverse matters, including joint ventures, earn-in agreements, metals streaming transactions, royalties and off-take arrangements.

Richard is a board member of the Pine River Institute, a residential treatment centre for youth struggling with addictive behaviours.

Barrick Gold Corporation

Acting for Barrick Gold Corporation in connection with its sale of a 25% stake in the Cerro Casale Project to Goldcorp, and the negotiation of a 50/50 regional joint venture over the Cerro Casale, Quebrada Seca and Caspiche projects in Chile's Maricunga district. This highly complex and multi-faceted transaction involves the acquisition by Goldcorp of Kinross' entire 25% interest in the Cerro Casale Project and a 25% interest in the project from Barrick, whose holding in the project will fall from 75% to 50%. Upon closing of the transaction, the joint venture will be established.

Resource Capital Funds

Acted for Resource Capital Funds in connection with the privatization of Alloycorp Mining Inc. by way of an amalgamation under the Business Corporations Act (British Columbia).

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with an earn-in agreement with Alicanto Minerals of Australia. Under the terms of the Earn-In, Barrick will be able to earn a 65% interest in the Arakaka project in northwest Guyana by meeting total funding requirements of US$10 million over 4 years.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with its US$110-million sale to subsidiaries of Waterton Precious Metals Fund II Cayman, LP of a 70% interest in the Spring Valley project and 100% of the Ruby Hill mine located in Nevada.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with its US$610-million gold and silver streaming agreement with Royal Gold Inc. for production linked to Barrick's 60 percent interest in the Pueblo Viejo mine.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with the US$298-million sale to Zijin Mining Group Co., Ltd of China of a 50% interest in Barrick (Niugini) Limited, the company that owns 95% of and manages the Porgera Joint Venture gold mine in Papua New Guinea, and related strategic cooperation agreement.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with the US$550 million sale of its 100% interest in the Cowal gold mine in New South Wales, Australia to Evolution Mining Limited.

Fortis Inc.

Acted for Fortis Inc. in connection with its $1.8-billion offering of convertible debentures represented by installment receipts. The net proceeds from this offering are being used indirectly to partially finance the US$2.5-billion cash purchase price paid by Fortis to acquire UNS Energy Corporation, an Arizona-based integrated utility services holding company. The offering marked the first time in almost two decades that debentures were sold using an installment receipt structure.

Sandspring Resources Ltd.

Acted for Sandspring Resources Ltd. in connection with an early deposit gold stream transaction pursuant to which Sandspring agreed to sell 10% of the life-of-mine gold production from its Toroparu project located in Guyana, South America, to a subsidiary of Silver Wheaton Corp. in exchange for an up-front US$148.5-million cash deposit plus an ongoing production payment of the lesser of the market price and US$400 per payable ounce of gold.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in connection with its auction process and subsequent sale to Franco-Nevada Corporation of a portfolio of royalties located in various jurisdictions in North America, South America and Australia.

Fortis Inc.

Acted for Fortis Inc. in its $601 million bought deal public offering of subscription receipts. The net proceeds were used to finance a portion of the acquisition of CH Energy Group, Inc., a New York-based regulated transmission and distribution utility.

Hebei Iron & Steel Group Co., Ltd.

Acted for Hebei Iron & Steel Group Co., Ltd. in connection with its strategic investment in Alderon Iron Ore Corp. and its Kami iron ore project.

MOSAID Technologies Incorporated

Acted for the Special Committee of MOSAID Technologies Incorporated in connection with its successful defense of an unsolicited takeover bid by Wi-LAN Inc. and the resulting "white knight" agreement with Sterling Partners to acquire MOSAID by way of a plan of arrangement for approximately $590 million.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. (formerly Barrett Xplore Inc.) in connection with the private offering of $230 million of securities, one of the largest Canadian financing telecom projects to be announced in 2011.

Fronteer Gold Inc.

Acted for Fronteer Gold Inc. in connection with its $2.3-billion acquisition by Newmont Mining Corporation. The transaction was structured as a plan of arrangement providing for cash consideration and the spin off of shares of Pilot Gold Inc., a new TSX-listed company holding exploration assets, to the former shareholders of Fronteer Gold.

Fronteer Gold Inc.

Acted for Fronteer Gold Inc. in connection with the $260-million sale of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold, to Paladin Energy Ltd.

BMO Nesbitt Burns Inc.

Acted for an agency syndicate led by BMO Nesbitt Burns Inc. in connection with offerings of medium term notes of Greater Toronto Airports Authority pursuant to shelf prospectuses filed in each of 2008 and 2010. Issuances of notes in the amount of $825 million, $600 million, $400 million and $600 million have been completed in each of 2008, 2009, 2010 and 2011, respectively, pursuant to this program.

Barrick Gold Corporation

Acted for Barrick Gold Corporation and its wholly owned subsidiaries in connection with its US$1.25-billion public offering of debt securities due 2013, 2018 and 2038.

Creststreet Power & Income Fund LP

Acted for the Special Committee of Creststreet Power & Income Fund LP in connection with its strategic alternatives review process which culminated in the $121.6-million sale of its windpower subsidiaries to an affiliate of FPL Energy, LLC and the distribution of its net assets to unitholders.

Barrick Gold Corporation

Acted for Barrick Gold Corporation in its pre-bid agreement with Goldcorp Inc. to dispose of certain assets acquired by Barrick in its takeover bid for Placer Dome Inc. and in the subsequent disposition of US$1.6 billion of assets to Goldcorp.

Announcement

Barrick Gold Announces Three-Way Transaction with Goldcorp and Kinross

Apr. 07, 2017 - Davies is acting for Barrick Gold in its recently announced, highly complex three-way transaction with Goldcorp and Kinross Gold. This transaction involved Barrick’s sale of its 25% stake in the Cerro Casale Project to Goldcorp and Goldcorp’s acquisition of Kinross’s entire 25% interest in the...

Bulletin

Shareholder Engagement – ICD Provides Guidance for Canadian Companies

Mar. 10, 2016 - On March 7, 2016, the Institute of Corporate Directors (ICD), a not-for-profit director association consisting of more than 10,000 members across Canada, published guidance to help boards of Canadian public companies develop a shareholder engagement approach to corporate governance. Recent...

Announcement

Ninety-one Davies Lawyers Recognized by The Best Lawyers in Canada 2016

Aug. 24, 2015 - Ninety-one lawyers from Davies Ward Phillips & Vineberg LLP were selected by their peers for inclusion in The Best Lawyers in Canada 2016 across 33 areas of specialization, with five lawyers named Lawyer of the Year and seven practitioners newly recognized. Best Lawyers awards the Lawyer of the...

Announcement

Barrick Enters Into a Gold and Silver Streaming Agreement with Royal Gold

Aug. 06, 2015 - Davies is acting for Barrick Gold Corporation in connection with its gold and silver streaming agreement with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc., for production linked to Barrick’s 60 percent interest in the Pueblo Viejo mine. In return, Royal Gold has agreed to make an...

Announcement

Barrick Divests Cowal Mine and Partners with China’s Zijin Mining Group

May 26, 2015 - Davies is acting for Barrick Gold Corporation in connection with a strategic divestiture and a landmark strategic partnership: US$550-million sale of Barrick’s 100% interest in the Cowal gold mine in New South Wales, Australia, to Evolution Mining Limited; and US$298-million sale to...

Speaking Engagement

Inaugural Mining Agreements Conference, “Preliminary Agreements: Letters of Intent & Confidentiality Agreements”; Toronto, ON; Sept. 09 & 10, 2013

Sept. 09, 2013

Bulletin

Ontario Securities Commission Staff Releases Report on Mining Technical Reports

June 28, 2013 - On June 27, 2013, Staff of the Ontario Securities Commission released a report summarizing the results of its review of a sampling of 50 Technical Reports filed between June 30, 2011, and June 29, 2012, by Ontario mining issuers of varying sizes and stages of development, representing approximately...

Lexpert Special Edition Leading Canadian Lawyers in Global Mining

The Canadian Legal Lexpert Directory—Corporate Finance and Securities

The Best Lawyers in Canada—Mergers and Acquisitions Law

Bar Admissions

Ontario, 2002
New York, 2000
Québec, 1997

Education

New York University, LLM (U.S. Corporate Law), 1999
University of Ottawa, LLB/LLL (Gold Medallist), 1997
Clerk, The Honourable Mr. Justice Charles D. Gonthier, Supreme Court of Canada

Board Memberships

Pine River Institute