On May 13, 2024, a syndicate of eight lenders led by the The Bank of Nova Scotia completed a US$1.3 billion financing facility (inclusive of a US$100 million accordion feature) to Equinox Gold Corp. (“Equinox”), a publicly listed gold mining company with operations across the Americas. The financing supported Equinox’s completion of its acquisition of the remaining 40% interest in the Greenstone Gold Mine project, following its prior purchase of a 60% stake in 2021.
In 2024, Equinox acquired the outstanding interest in the Greenstone project for approximately US$995 million in cash and shares, consolidating full ownership of one of Canada’s most significant gold mining assets. The acquisition reinforced Equinox’s position as a leading Americas‑focused gold producer and marked a transformational step in the company’s growth strategy.
Fasken acted as lead counsel to The Bank of Nova Scotia with a team led by Thomas Meagher and which included Nathan Gates, Gurkirat Batth, and Ashley Faerberboeck (Law Clerk).
Jurisdiction
- Canada
