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Richard J. Steinberg, Partner | M&A, Mining

Richard J. Steinberg

Partner Fasken
Knowledgeable, strategic and practical.
Jurisdiction Ontario, 1988
Language(s) English
Office(s) Toronto
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Overview

Richard Steinberg’s practice is primarily on mergers and acquisitions and corporate finance. Richard advises targets, buyers and investors in both solicited and unsolicited transactions, with a particular focus in cross-border transactions. Richard’s corporate finance practice is focused on structured and cross-border financings, with extensive experience acting for both underwriters and issuers. Richard is the former Chair of Fasken’s Securities and Mergers & Acquisitions Group.

Richard also advises companies, directors and shareholders on proxy contests and on a broad range of corporate governance and securities compliance matters.

As a member of the Senior Securities Lawyers Advisory Group of the Ontario Securities Commission and a former member of the Securities Advisory Committee of the Commission, Richard has provided insights to the Commission on legislative and policy initiatives, as well as capital market trends.

Richard is a former lecturer at the Rotman School of Management at the University of Toronto and is frequently invited to speak at professional conferences on various aspects of securities law in Canada and the United States.

Richard’s securities and mergers and acquisitions practice is recognized by Best Lawyers in Canada, Canadian Legal Lexpert Directory and others.

Achievements

  • Recognized in the Canadian Legal Lexpert Directory in Corporate Mid-Market, Lexpert 2024 to 2026
  • Recognized in the Canadian Legal Lexpert Directory in Corporate Finance & Securities, Lexpert 2024 to 2026
  • Recognized in the Canadian Legal Lexpert Directory in Corporate Commercial Law, Lexpert 2023 to 2026
  • Recognized in the Canadian Legal Lexpert Directory in Private Equity, Lexpert 2020 to 2026
  • Recognized in Mergers & Acquisitions in Toronto, The Best Lawyers in Canada 2020 to 2026
  • Recognized in Securities Law in Toronto, The Best Lawyers in Canada 2018 to 2026
  • Recognized in the Canadian Legal Lexpert Directory in Mergers & Acquisitions , Lexpert 2025 to 2026
  • Recognized as Recommended in Capital Markets and M&A and Governance, Lexology Index 2021 to 2025
  • Recognized nationwide as Highly Regarded in M&A, Real Estate Acquisitions; Banking, Financial Services, Technology and Telecommunications, Real Estate, and Mining, IFLR 1000 2019 to 2025
  • Recognized in the Canadian Legal Lexpert Directory in Corporate Finance & Securities, Lexpert 2020 to 2022

Experience

  • Spirit Resources s.a.r.l. completes C$4,000,000 equity investment in TSX listed Star Diamond Corporation and C$800,000 financing., [Deal - Spirit Resources s.a.r.l.], Private placement and debt finance transaction in Canadian diamond mining industry.
  • LifeSpeak Inc. completes plan of arrangement, [Deal - LifeSpeak Inc.], .Service provider of whole-person wellbeing solutions for employers, health plans and other organizations taken private pursuant to a plan of arrangement
  • Predictive Discovery Limited enters into a definitive agreement to merge with Robex Resources Inc. by way of a C$1.5 billion plan of arrangement, [Deal - Predictive Discovery Limited], Australian gold company enters into a definitive agreement to acquire West African gold production and development company.
  • The National Wealth Fund announces the acquisition of a 28.50% equity interest in TSXV/AIM listed Cornish Metals Inc., [Deal - National Wealth Fund], In March 2025, the National Wealth Fund, the sovereign wealth fund of the United Kingdom, completed the acquisition of 28.50% of the common shares of Cornish Metals Inc., a dual listed TSXV and AIM mineral exploration and development company owning the South Crofty underground tin mine located in...
  • TD Securities Inc. leads a C$1 billion public offering of medium term notes (NVCC) by The Toronto-Dominion Bank, [Deal - TD Securities Inc.], Leading North American bank completes public offering of subordinated notes.
  • TD Securities Inc. leads a C$750 million NVCC Additional Tier 1 Limited Recourse Capital Notes Series 5 offering by the Toronto-Dominion Bank, [Deal - TD Securities Inc.], Leading North American investment bank leads public offering of capital notes and concurrent issuance of preferred shares.
  • Equitable Bank successfully completes $500 million Fixed Rate Deposit Note Offering, [Deal - Scotia Capital Inc.], Deposit note offering by a Canadian bank.
  • Equitable Bank successfully completes $500 million Deposit Note Offering, [Deal - BMO Nesbitt Burns and Scotia Capital], Deposit note offering by a Canadian bank.
  • The Toronto-Dominion Bank completes U.S. public offering of US$1 billion Non-Viability Contingent Capital Subordinated Notes, [Deal - TD Securities Inc.], Leading North American bank completes public offering of subordinated notes.

Career & Education

Education

  • LLB University of Toronto
  • BA Columbia University

Memberships & Affiliations

  • Member, Senior Securities Legal Advisory Group of the Ontario Securities Commission
  • Former Member, Securities Advisory Committee of the Ontario Securities Commission
  • Member, Canadian Bar Association
  • Member, Ontario Bar Association

Knowledge

  • Can “Superstar” CEOs Actually Be Awarded “Supersized” Pay Packages? Takeaways From Tornetta v Musk, 4/4/2024
  • No, you MAE not: Ontario Court Rules that Duo Bank Cannot Rely on Material Adverse Event Clause to Avoid Closing Fairstone Deal, 12/23/2020
  • Lessons of the Crew Gold Decision on M&A Engagement Letters, 9/27/2017
  • Subscribe to Fasken Martineau’s Corporate Finance and Securities, Mergers and Acquisitions Blog - Timely Disclosure, 8/29/2013

Events

News

  • Three Fasken Partners Win 2020 Client Choice Awards, 2/13/2020
  • Fasken Wins Labour and Employment Law Firm of the Year in the 2019 Best Lawyers in Canada Guide, 8/21/2018
  • The 2018 Canadian Legal Lexpert Directory recognizes 200 Fasken lawyers, 4/12/2018
  • Forty-Seven Partners and Eleven Practice Areas listed by IFLR 1000 Financial and Corporate 2017, 10/17/2017
  • Fasken Martineau Wins Mining Law Firm of the Year in the 2018 edition of Best Lawyers in Canada Guide, 8/22/2017
  • Experienced Corporate Lawyer Joins Fasken Martineau, 6/19/2017
  • Who’s Who Legal: Canada 2016: 68 Fasken Martineau lawyers ranked, 11/4/2016
  • Twenty-eight Fasken Martineau lawyers recognized in IFLR1000 2016 Financial and Corporate Law Firm Rankings, 10/19/2016
  • 38 Fasken Martineau lawyers named in the Lexpert 2016 Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada, 6/13/2016
  • 2015 Lexpert directory recommends 158 Fasken Martineau Lawyers, 6/25/2015

Publications

  • New Take-Over Bid Rules Seek to Level the Playing Field … But Will Bidders Still Play?, 3/31/2015
  • Ontario Court of Appeal Loosens Restrictions on Securities Class Actions, 2/5/2014
  • In Canada, A New Preferred-Share Structure for Tier-1 Capital, 11/22/2010
  • Canada's Capital Lesson, 11/1/2010
  • Deal Postcard From Canada: Wish You Were Here!, 8/15/2010
  • Recent Rights Plan Decisions: Understanding the Current Fractured Landscape, 7/31/2010
  • Fair To Whom? The Quebec Court Of Appeal's Decision In The Matter Of The Proposed Arrangement Concerning BCE Inc., 6/16/2008
  • Danier Leather - The Supreme Court of Canada Weighs In, 11/21/2007
  • Underwriters' liability for the contents of a prospectus and their due diligence defence: The Danier decision prompts a review and confirms the importance of U.S. guidance, 10/1/2004
  • Ontario makes major changes to the Securities Act, 5/28/2003
Article New Take-Over Bid Rules Seek to Level the Playing Field … But Will Bidders Still Play? Timely Disclosure
Article Ontario Court of Appeal Loosens Restrictions on Securities Class Actions Timely Disclosure

Speaking Engagements

  • Activist Strategies for Effective Board Change, 4/27/2017
  • Changes to Canadian Take-Over Bid Regime, 4/18/2016
  • Building a Better MD&A – Reassess and Improve Your MD&A Disclosure, 10/15/2013
  • Meeting Your Timely Disclosure Obligations, 9/26/2013
  • Canadian Securities Regulation Course, 11/13/2007
  • Negotiating and Drafting Major Business Agreements, 2/14/2007
  • Federated Press 8th Annual Due Diligence Conference: Integrating the Legal and Business Side of the Process, 1/17/2007
  • Insight information's Securities Regulation, 7/1/2006
  • Negotiating and Drafting Major Business Agreements - Bulletproof Your Documents, 2/15/2006
  • Art of the Deal, 1/1/2006
Activist Strategies for Effective Board Change IBD Conference location location New York, USA
Changes to Canadian Take-Over Bid Regime IBD Conference location location New York, USA
Building a Better MD&A – Reassess and Improve Your MD&A Disclosure Infonex location location Toronto