Robert S. Murphy

Partner

Robert S. Murphy

Robert S. Murphy

Partner

Bar Admissions
  • Ontario, 1999

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 a former member of the Continuous Disclosure Advisory Committee to the Ontario Securities Commission.

Robert S. Murphy

Partner

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 a former member of the Continuous Disclosure Advisory Committee to the Ontario Securities Commission.

Fine Capital Partners LP

Advised Fine Capital Partners LP, acting as investment manager for certain funds, in providing a standby share purchase facility regarding a private placement rights offering in Canada by DHX Media Ltd., operating as WildBrain, a Canadian media production, distribution and broadcasting company. Under the standby share purchase facility, Fine Capital agreed to acquire up to $60 million of DHX shares in respect of rights that holders do not exercise.

Metropolitan Life Global Funding I and Merrill Lynch Canada Inc.

Acted for Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, and Merrill Lynch Canada Inc. in the Canadian private placement of $100 million of floating rate notes due 2022 by Metropolitan Life Global Funding I. The notes are secured by a funding agreement issued by Metropolitan Life Insurance Company.

Waste Management of Canada Corporation

Acted for Waste Management of Canada Corporation, an indirect wholly-owned subsidiary of Waste Management, Inc., in its Canadian private placement of $500 million of 2.60% notes due 2026, which were fully guaranteed by Waste Management, Inc. and Waste Management Holdings, Inc.

Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., in a private placement of a $200 million senior unsecured Series F notes due August 26, 2026 issued by Crombie Real Estate Investment Trust.

BMO Nesbitt Burns Inc.

Acted for the syndicate of underwriters, led by BMO Nesbitt Burns Inc., in a $150-million bought deal public offering of common shares of New Gold Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its exploration, earn-in and option agreement with Arcelia Gold Corp. to form property-level joint venture in respect of the La Millionaria property in the State of Chihuahua, Mexico.

CIBC Capital Markets and Eight Capital

Acted for CIBC Capital Markets and Eight Capital as joint bookrunners, in the public offering of approximately $55 million of subordinated voting shares of Canopy Rivers Inc., an investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector, and the concurrent private placement, on an agency basis, of $30 million of subordinated voting shares of Canopy Rivers to Canopy Growth Corporation.

The Carlyle Group

Acted as Canadian counsel to The Carlyle Group for the term loan and senior note offering financing for its joint acquisition with GIC of the global specialty chemicals business of Akzo Nobel N.V.

Syndicate of agents

Acted for a syndicate of agents, led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc., in a private placement of a $175 million senior unsecured Series E notes due January 31, 2025 issued by Crombie Real Estate Investment Trust.

Bank of America Merrill Lynch

Acted as Canadian counsel to the syndicate of initial purchasers, led by Bank of America Merrill Lynch, in the US$250-million offering by Intertape Polymer Group Inc. of 7.00% senior notes due 2026 by private placement in the United States and Canada.

TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated

Acted as Canadian counsel for the dealer managers, TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in Thomson Reuters' substantial issuer bid/tender offer for up to US$9 billion of its common shares and the subsequent US$2 billion return of capital by Thomson Reuters' effected by way of plan of arrangement.

Equibit Group Ltd.

Acting for Equibit Group Ltd., a blockchain development company focused on building a decentralized securities network that facilitates the issuance and transfer of securities on the blockchain.

t0.com, subsidiary of Overstock.com

Acting as Canadian counsel for t0.com, the financial technology subsidiary of Overstock.com, in its USD$250-million offering of security tokens using blockchain technology by way of a Simple Agreement for Future Equity (SAFE).

Titan Mining Corporation

Acted for Titan Mining Corporation in its $52-million initial public offering of 36,950,000 common shares.

McDonald's Corporation

Acted for McDonald's Corporation in its offering by private placement in Canada of $1 billion of 3.125% notes due 2025, which were issued under McDonald's global MTN program.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its US$80-million acquisition of the Santa Gertrudis gold project in Mexico from GoGold Resources Inc. In connection with the acquisition, Agnico Eagle provided GoGold with a US$7.5 million term loan, secured by a second ranking charge on all of GoGold's assets, which will be set off against the purchase price at the closing of the acquisition.

Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc., in connection with the offering by United Parcel Services, Inc., of $750 million of 2.125% notes due 2024.

HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc., in connection with the offering by PepsiCo, Inc., of $750 million of 2.150% notes due 2024 by private placement in Canada.

Arizona Mining Inc.

Acted for Arizona Mining Inc. in connection with its $36-million public offering of common shares.

BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank

Acted for a syndicate of underwriters BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank in connection with Centerra Gold Inc.'s $195-million public offering of subscription receipts. The proceeds of the offering were used to partially finance Centerra's $1.1 billion purchase of Thompson Creek Metals Company Inc.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for a syndicate of purchasers, led by Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., in connection with the $1-billion private placement of senior unsecured notes issued by Molson Coors International LP.

Unique Fabricating, Inc.

Acted as Canadian counsel to Unique Fabricating, Inc. in connection with its $27.5-million acquisition of all of the assets of Intasco Corporation and all of the outstanding capital stock of Intasco-USA Inc., Intasco's U.S. affiliate, and in connection with a related US$62-million senior credit facility.

Morgan Stanley and RBC Capital Markets

Acted for a syndicate of underwriters co-led by Morgan Stanley and RBC Capital Markets in connection with a cross-border US$86-million public offering of trust units of Sprott Physical Silver Trust.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private placement of an aggregate of over $100 million of securities consisting of $51 million of two series of unsecured high yield notes and $53 million of a new class of non-voting, convertible, redeemable preferred shares.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. in connection with the $900-million private placement of senior unsecured notes issued by Molson Coors International LP.

RBC Dominion Securities Inc. and CIBC World Markets Inc.

Acted for a syndicate of agents led by RBC Dominion Securities Inc. and CIBC World Markets Inc. in connection with the initial public offering of Energy Credit Opportunities Income Fund, a closed-end investment fund which is managed by Purpose Investments Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its acquisition of Cayden Resources Inc. under a plan of arrangement for approximately $205 million.

HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC

Acted for a syndicate of underwriters led by HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC in connection with an offering by Goldcorp Inc. in the United States under the multi-jurisdictional disclosure system of US$1 billion in aggregate principal amount of notes, consisting of US$550 million aggregate principal amount of 3.625% notes due June, 2021 and US$450 million aggregate principal amount of 5.450% notes due June, 2044.

Edgecrest Capital Corporation and Canaccord Genuity Corp.

Acted for a syndicate of agents consisting of Edgecrest Capital and Canaccord Genuity in connection with a two tranche public offering of $62-million of convertible unsecured subordinated debentures and common share purchase warrants of North American Palladium Ltd. The securities were offered in Canada by way of a prospectus and in the United States by way of a registration statement filed under the Multi-Jurisdictional Disclosure System.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $40 million limited partnership units by MRF 2013 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas or mining sectors.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private offering of debt and equity securities for aggregate proceeds of $148 million.

Noteholders

Acted for a group of noteholders of the approximately $10-billion Master Asset Vehicle II (MAV II), in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $50 million limited partnership units by MRF 2010 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas, mining or renewable energy sectors.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its US$1.2 billion unsecured revolving credit facilities made available by syndicates of domestic and foreign lenders.

BofA Merrill Lynch and TD Securities

Acted for a syndicate of underwriters co-led by BofA Merrill Lynch and TD Securities in connection with a $500-million private placement in Canada of 3.95% Series A senior unsecured notes issued by Molson Coors International LP and guaranteed by Molson Coors Brewing Company and certain of its U.S. and Canadian subsidiaries.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the private placement to institutional investors in the United States and Canada of an aggregate of US$600 million guaranteed senior unsecured notes due 2017, 2020 and 2022.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its acquisition of Comaplex Minerals Corp.'s Meliadine gold project, by way of a "spin-off" plan of arrangement in which Comaplex shareholders received Agnico-Eagle shares and, except for the largest Comaplex shareholder, shares of Geomark Exploration Ltd., a newly-created company that holds Comaplex's non-Meliadine assets.

ING Groep N.V.

Acted as Canadian counsel to ING Groep N.V. in connection with its EUR 7.5-billion rights issue.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited with respect to an amended and restated US$600 million unsecured revolving credit facility (increased from US$300 million) and an amended and restated US$300 million unsecured revolving credit facility.

ING Groep N.V.

Acted for ING Groep N.V. in the sale of its entire 70% stake in ING Canada Inc. through a public offering and a concurrent private placement of shares of ING Canada for gross proceeds of $2.2 billion.

Credit Suisse

Acted for Credit Suisse in the establishment of its $2-billion medium term note program.

Bulletin

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...

Bulletin

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...

Bulletin

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...

Bulletin

CSA Does Right by Rights Offerings

Sept. 29, 2015 - On September 24, 2015, the Canadian Securities Administrators (CSA) announced the adoption of a streamlined prospectus-exempt rights offering process, which is aimed at providing reporting issuers with greater access to this prospectus exemption. Rights offerings permit issuers to distribute to...

Bulletin

New Capital Raising Rules Proposed by OSC

Mar. 21, 2014 - On March 20, 2014, the Ontario Securities Commission (the OSC) published for comment four new capital raising exemptions that have been under consideration since June 2012. The proposed exemptions, which Davies reported on in our 2014 Canadian Capital Markets Report, are: An offering...

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 Leading Canadian Lawyers in Global Mining

The Canadian Legal Lexpert Directory—Corporate Finance and Securities

The Best Lawyers in Canada—Mining Law

Bar Admissions

Ontario, 1999

Education

Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement

Ontario Securities Commission, Continuous Disclosure Advisory Committee; Small Business Advisory Committee, former member

Teaching Engagements

Rob is a lecturer on securities law at the Advanced Business Law Workshop at Osgoode Hall Law School.

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 a former member of the Continuous Disclosure Advisory Committee to the Ontario Securities Commission.

Fine Capital Partners LP

Advised Fine Capital Partners LP, acting as investment manager for certain funds, in providing a standby share purchase facility regarding a private placement rights offering in Canada by DHX Media Ltd., operating as WildBrain, a Canadian media production, distribution and broadcasting company. Under the standby share purchase facility, Fine Capital agreed to acquire up to $60 million of DHX shares in respect of rights that holders do not exercise.

Metropolitan Life Global Funding I and Merrill Lynch Canada Inc.

Acted for Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, and Merrill Lynch Canada Inc. in the Canadian private placement of $100 million of floating rate notes due 2022 by Metropolitan Life Global Funding I. The notes are secured by a funding agreement issued by Metropolitan Life Insurance Company.

Waste Management of Canada Corporation

Acted for Waste Management of Canada Corporation, an indirect wholly-owned subsidiary of Waste Management, Inc., in its Canadian private placement of $500 million of 2.60% notes due 2026, which were fully guaranteed by Waste Management, Inc. and Waste Management Holdings, Inc.

Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., in a private placement of a $200 million senior unsecured Series F notes due August 26, 2026 issued by Crombie Real Estate Investment Trust.

BMO Nesbitt Burns Inc.

Acted for the syndicate of underwriters, led by BMO Nesbitt Burns Inc., in a $150-million bought deal public offering of common shares of New Gold Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its exploration, earn-in and option agreement with Arcelia Gold Corp. to form property-level joint venture in respect of the La Millionaria property in the State of Chihuahua, Mexico.

CIBC Capital Markets and Eight Capital

Acted for CIBC Capital Markets and Eight Capital as joint bookrunners, in the public offering of approximately $55 million of subordinated voting shares of Canopy Rivers Inc., an investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector, and the concurrent private placement, on an agency basis, of $30 million of subordinated voting shares of Canopy Rivers to Canopy Growth Corporation.

The Carlyle Group

Acted as Canadian counsel to The Carlyle Group for the term loan and senior note offering financing for its joint acquisition with GIC of the global specialty chemicals business of Akzo Nobel N.V.

Syndicate of agents

Acted for a syndicate of agents, led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc., in a private placement of a $175 million senior unsecured Series E notes due January 31, 2025 issued by Crombie Real Estate Investment Trust.

Bank of America Merrill Lynch

Acted as Canadian counsel to the syndicate of initial purchasers, led by Bank of America Merrill Lynch, in the US$250-million offering by Intertape Polymer Group Inc. of 7.00% senior notes due 2026 by private placement in the United States and Canada.

TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated

Acted as Canadian counsel for the dealer managers, TD Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in Thomson Reuters' substantial issuer bid/tender offer for up to US$9 billion of its common shares and the subsequent US$2 billion return of capital by Thomson Reuters' effected by way of plan of arrangement.

Equibit Group Ltd.

Acting for Equibit Group Ltd., a blockchain development company focused on building a decentralized securities network that facilitates the issuance and transfer of securities on the blockchain.

t0.com, subsidiary of Overstock.com

Acting as Canadian counsel for t0.com, the financial technology subsidiary of Overstock.com, in its USD$250-million offering of security tokens using blockchain technology by way of a Simple Agreement for Future Equity (SAFE).

Titan Mining Corporation

Acted for Titan Mining Corporation in its $52-million initial public offering of 36,950,000 common shares.

McDonald's Corporation

Acted for McDonald's Corporation in its offering by private placement in Canada of $1 billion of 3.125% notes due 2025, which were issued under McDonald's global MTN program.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its US$80-million acquisition of the Santa Gertrudis gold project in Mexico from GoGold Resources Inc. In connection with the acquisition, Agnico Eagle provided GoGold with a US$7.5 million term loan, secured by a second ranking charge on all of GoGold's assets, which will be set off against the purchase price at the closing of the acquisition.

Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc. and TD Securities Inc., in connection with the offering by United Parcel Services, Inc., of $750 million of 2.125% notes due 2024.

HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Acted for a syndicate of underwriters, comprising HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc., in connection with the offering by PepsiCo, Inc., of $750 million of 2.150% notes due 2024 by private placement in Canada.

Arizona Mining Inc.

Acted for Arizona Mining Inc. in connection with its $36-million public offering of common shares.

BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank

Acted for a syndicate of underwriters BMO Capital Markets, Credit Suisse Securities Canada and Scotiabank in connection with Centerra Gold Inc.'s $195-million public offering of subscription receipts. The proceeds of the offering were used to partially finance Centerra's $1.1 billion purchase of Thompson Creek Metals Company Inc.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for a syndicate of purchasers, led by Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., in connection with the $1-billion private placement of senior unsecured notes issued by Molson Coors International LP.

Unique Fabricating, Inc.

Acted as Canadian counsel to Unique Fabricating, Inc. in connection with its $27.5-million acquisition of all of the assets of Intasco Corporation and all of the outstanding capital stock of Intasco-USA Inc., Intasco's U.S. affiliate, and in connection with a related US$62-million senior credit facility.

Morgan Stanley and RBC Capital Markets

Acted for a syndicate of underwriters co-led by Morgan Stanley and RBC Capital Markets in connection with a cross-border US$86-million public offering of trust units of Sprott Physical Silver Trust.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private placement of an aggregate of over $100 million of securities consisting of $51 million of two series of unsecured high yield notes and $53 million of a new class of non-voting, convertible, redeemable preferred shares.

Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.

Acted for Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. in connection with the $900-million private placement of senior unsecured notes issued by Molson Coors International LP.

RBC Dominion Securities Inc. and CIBC World Markets Inc.

Acted for a syndicate of agents led by RBC Dominion Securities Inc. and CIBC World Markets Inc. in connection with the initial public offering of Energy Credit Opportunities Income Fund, a closed-end investment fund which is managed by Purpose Investments Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its acquisition of Cayden Resources Inc. under a plan of arrangement for approximately $205 million.

HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC

Acted for a syndicate of underwriters led by HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC in connection with an offering by Goldcorp Inc. in the United States under the multi-jurisdictional disclosure system of US$1 billion in aggregate principal amount of notes, consisting of US$550 million aggregate principal amount of 3.625% notes due June, 2021 and US$450 million aggregate principal amount of 5.450% notes due June, 2044.

Edgecrest Capital Corporation and Canaccord Genuity Corp.

Acted for a syndicate of agents consisting of Edgecrest Capital and Canaccord Genuity in connection with a two tranche public offering of $62-million of convertible unsecured subordinated debentures and common share purchase warrants of North American Palladium Ltd. The securities were offered in Canada by way of a prospectus and in the United States by way of a registration statement filed under the Multi-Jurisdictional Disclosure System.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $40 million limited partnership units by MRF 2013 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas or mining sectors.

Xplornet Communications Inc.

Acted for Xplornet Communications Inc. in connection with its private offering of debt and equity securities for aggregate proceeds of $148 million.

Noteholders

Acted for a group of noteholders of the approximately $10-billion Master Asset Vehicle II (MAV II), in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.

Middlefield Limited

Acted for Middlefield Limited in connection with the offering of an aggregate of $50 million limited partnership units by MRF 2010 Resource Limited Partnership, a partnership established to invest in a diversified portfolio of flow-through shares and flow-through warrants of Canadian exploration, development and production companies involved primarily in the oil and gas, mining or renewable energy sectors.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its US$1.2 billion unsecured revolving credit facilities made available by syndicates of domestic and foreign lenders.

BofA Merrill Lynch and TD Securities

Acted for a syndicate of underwriters co-led by BofA Merrill Lynch and TD Securities in connection with a $500-million private placement in Canada of 3.95% Series A senior unsecured notes issued by Molson Coors International LP and guaranteed by Molson Coors Brewing Company and certain of its U.S. and Canadian subsidiaries.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with the private placement to institutional investors in the United States and Canada of an aggregate of US$600 million guaranteed senior unsecured notes due 2017, 2020 and 2022.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in its acquisition of Comaplex Minerals Corp.'s Meliadine gold project, by way of a "spin-off" plan of arrangement in which Comaplex shareholders received Agnico-Eagle shares and, except for the largest Comaplex shareholder, shares of Geomark Exploration Ltd., a newly-created company that holds Comaplex's non-Meliadine assets.

ING Groep N.V.

Acted as Canadian counsel to ING Groep N.V. in connection with its EUR 7.5-billion rights issue.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited with respect to an amended and restated US$600 million unsecured revolving credit facility (increased from US$300 million) and an amended and restated US$300 million unsecured revolving credit facility.

ING Groep N.V.

Acted for ING Groep N.V. in the sale of its entire 70% stake in ING Canada Inc. through a public offering and a concurrent private placement of shares of ING Canada for gross proceeds of $2.2 billion.

Credit Suisse

Acted for Credit Suisse in the establishment of its $2-billion medium term note program.

Bulletin

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...

Bulletin

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...

Bulletin

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...

Bulletin

CSA Does Right by Rights Offerings

Sept. 29, 2015 - On September 24, 2015, the Canadian Securities Administrators (CSA) announced the adoption of a streamlined prospectus-exempt rights offering process, which is aimed at providing reporting issuers with greater access to this prospectus exemption. Rights offerings permit issuers to distribute to...

Bulletin

New Capital Raising Rules Proposed by OSC

Mar. 21, 2014 - On March 20, 2014, the Ontario Securities Commission (the OSC) published for comment four new capital raising exemptions that have been under consideration since June 2012. The proposed exemptions, which Davies reported on in our 2014 Canadian Capital Markets Report, are: An offering...

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 Leading Canadian Lawyers in Global Mining

The Canadian Legal Lexpert Directory—Corporate Finance and Securities

The Best Lawyers in Canada—Mining Law

Bar Admissions

Ontario, 1999

Education

Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement

Ontario Securities Commission, Continuous Disclosure Advisory Committee; Small Business Advisory Committee, former member

Teaching Engagements

Rob is a lecturer on securities law at the Advanced Business Law Workshop at Osgoode Hall Law School.