Leagold Mining Corporation, a mid-tier gold producer, completed the acquisition of Brio Gold Inc. from Yamana Gold and other shareholders for C$330 million on May 24th,2018. Leagold acquired all outstanding shares of Brio (the “Brio Shares”) pursuant to the terms of an arrangement agreement between Leagold and Brio dated February 15, 2018.
Concurrently with the acquisition of Brio, Leagold completed a refinancing of its senior secured credit facility, increasing the size of the facility by senior secured credit facility, increasing the size of the facility by $100 million, as well as a private placement of common shares of Leagold for gross proceeds of $45 million.
Fasken represented Leagold on all matters relating to the acquisition, refinancing and private placement with a team led by Georald Ingborg, and included Amy Carruthers, Sam Li, Andrew Gabrielson, John Torrey, Dev Singh, Martin Ferreira Pinho, Mike Coburn, Alex Nikolic, Markus Liik, Huy Do, Clayton Jones and Brad Moore.
