Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019
Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.
Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.
Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.
TD Securities Inc. and Canaccord Genuity Corp.
Acted for a syndicate of underwriters led by joint bookrunners, TD Securities Inc. and Canaccord Genuity Corp., in a $23-million bought deal treasury and secondary offering of common shares of AcuityAds Holdings Inc.
Agnico Eagle Mines Limited
Acting for Agnico Eagle Mines Limited in its joint venture agreement with Newmont Corporation to form a 50-50 joint venture in respect of Newmont's earn-in agreement regarding the Anza gold exploration project and to seek other prospective gold targets of district-scale potential in Colombia.
Fine Capital Partners LP
Advised Fine Capital Partners LP, acting as investment manager for certain funds, in its financing of up to approximately US$18.5-million in exchangeable secured debentures issued by a newly formed subsidiary of WildBrain Ltd., a Canadian media production, distribution and broadcasting company.
BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities
Acted as Canadian counsel to the syndicate of initial purchasers led by BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities in an offering of US$450 million of senior secured notes of Garda World Security Corporation.
Metropolitan Life Global Funding I, Bank of America Securities and TD Securities
Acted for Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, Bank of America Securities and TD Securities in the Canadian private placement of $500 million of fixed-rate notes by Metropolitan Life Global Funding I secured by a funding agreement issued by Metropolitan Life Insurance Company.
Agnico Eagle Mines Limited
Acted for Agnico Eagle Mines Limited in connection with its completed private placement of US$100-million 2.78% guaranteed senior unsecured notes due 2030; and US$100-million 2.88% guaranteed senior unsecured notes due 2032.
CIBC World Markets and BMO Capital Markets
Acted for CIBC World Markets and BMO Capital Markets as joint bookrunners with the offering of $100 million of trust units of Crombie REIT undertaken by a combination of a "bought deal" prospectus offering and a concurrent private placement.
Bank of Montreal, Royal Bank of Canada and The Bank of Nova Scotia
Acted for Bank of Montreal, Royal Bank of Canada and The Bank of Nova Scotia, as lenders, in the establishment of approximately $1.1 billion in secured margin loan facilities made available to a number of shareholders of GFL Environmental Holdings Inc. The margin loans were established in connection with the initial public offering of subordinate voting shares and tangible equity units of GFL Environmental Inc.
Agnico Eagle Mines Limited
Acted for Agnico Eagle Mines Limited to establish a base shelf prospectus qualifying up to US$1 billion of securities in Canada and the United States under the multi-jurisdictional disclosure system.
TD Securities Inc., National Bank Financial Inc. and Scotia Capital Inc.
Acted for a syndicate of agents, led by TD Securities Inc., National Bank Financial Inc. and Scotia Capital Inc. in a private placement of a $150 million of senior unsecured Series G notes due June 21, 2027, issued by Crombie Real Estate Investment Trust.
Davies Highlights Concerns with Proposals to Modernize Ontario’s Capital Markets
Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...
At-the-Market Distributions Arrive in Canada
June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief. 1 Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution size or...
COVID-19: Canadian Public Disclosure Considerations During the Pandemic
Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...
Keep It Between Us: Canadian Securities Regulators Adopt Confidential Prospectus Review Process
Mar. 06, 2020 - Canadian public issuers and those issuers contemplating a Canadian IPO may now file a prospectus for review by securities regulators’ staff on a confidential basis. Under this new process, an issuer may submit a near-final draft preliminary prospectus to its principal securities regulator without...
You Say You Want Evolution? Well…Canadian Securities Regulators Are Now Reshaping Yesterday’s Rules
Mar. 04, 2020 - No longer content to just “let it be,” Canadian securities regulators are now proposing to reshape yesterday’s rules to work for today’s modern capital markets and practices. Over the past few years, the Ontario Securities Commission (OSC) and other members of the Canadian Securities...
OSC Offers Pre-Filing Review of Technical Disclosure for Mining Issuers Expecting to File a Prospectus
June 10, 2019 - The Ontario Securities Commission (OSC) recently announced the adoption of a pre-filing review regime for mining issuers (see Staff Notice 43-706 – Pre-filing Review of Mining Technical Disclosure). The regime is available to mining issuers that plan to launch a public offering under a...
CSA Proposes New At-the-Market Distribution Regime
May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...
Obey or Pay: OSC Warns Off-Shore, Unregistered Trading Platforms Offering Securities to Ontario Investors
Oct. 15, 2018 - The Ontario Securities Commission (OSC) recently approved a settlement agreement with eToro (Europe) Limited (eToro), a Cyprus-based brokerage firm that operates an online cryptocurrency and stock trading platform, imposing over C$2.8 million in penalties on eToro for violating registration and...
CSA Offers Tips for Token Offerings: Direction or Deterrence?
June 28, 2018 - The Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 – Securities Law Implications for Offerings of Tokens (2018 Notice). Released on June 11, 2018, it provides some long-awaited clarity on the CSA’s view on token offerings, commonly known as initial coin...
Demystifying Crypto in Canada: Will 2018 Be the Year of Blockchain?
Mar. 07, 2018 - The year 2017 was one of tremendous growth for blockchain, as the technology underlying Bitcoin gained attention from mainstream media outlets, financial institutions, investment funds and securities regulators across the globe. Blockchain’s rise to prominence was led by an interest in...
Chambers Global: The World’s Leading Lawyers for Business—Capital Markets: Debt and Equity
Chambers Canada: Canada’s Leading Lawyers for Business—Capital Markets
IFLR1000: The Guide to the World’s Leading Financial Law Firms—Capital Markets: Debt; Capital Markets: Equity; Mergers and Acquisitions
Lexpert Special Edition: Energy
Lexpert Special Edition: Mining
The Canadian Legal Lexpert Directory—Corporate Commercial Law; Corporate Finance and Securities
The Best Lawyers in Canada—Mining Law