Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

International Royalty to acquire 16 royalties from Rio Tinto for for US$61.5 million

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

International Royalty

On December 21, 2007, International Royalty Corporation ("IRC") announced that it had entered into a definitive purchase and sale agreement to acquire 16 mineral royalties from Rio Tinto PLC, including interests on the near-producing Las Cruces copper and Avebury nickel mines, for US$61.5 million in cash, plus a potential contingency payment. These acquisitions expand the number of royalties in IRC's portfolio by approximately 20% to now include more than 80 individual royalty interests. Michael Bourassa, Andrew Gabrielson and Adam Inglis of Fasken Martineau advised IRC in this transaction.

Team

    Subscribe

    Receive email updates from our team

    Subscribe