On February 8, 2022, Kirkland Lake Gold Ltd. and Agnico Eagle Mines Limited announced the successful completion of a merger of equals transaction. The merger will establish the new Agnico Eagle as the gold industry's highest-quality senior producer, with the lowest unit costs, highest margins, most favourable risk profile and industry-leading best practices in key areas of environmental, social and governance.
Pursuant to the merger agreement, Kirkland Lake Gold shareholders received 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held, implying a combined market capitalization of approximately C$24 billion.
Fasken advised the Special Committee of Kirkland Lake Gold with a team that included Bradley Freelan, John Turner, Krisztian Toth and Zach Austin.
Jurisdiction
- Ontario
