Skip to main content
PLEASE NOTE: For everyone’s safety, Fasken requires anyone on-site at our Canadian offices to provide proof of full vaccination against COVID-19. This applies to lawyers, staff, clients, service providers and other visitors.
Client Work

First Quantum Minerals sells 16% shareholding in Equinox Minerals for $653 million

Fasken
Reading Time 1 minute read Subscribe
Client

First Quantum Minerals

On November 9, 2010, First Quantum Minerals Ltd. (TSX: FM.TO)(LSE: FQM.L) reported that it had sold its non-core shareholding of 114,132,300 common shares, an approximate 16% equity interest, in Equinox Minerals Limited. First Quantum intends to deploy the net proceeds from the transaction of approximately $653 million into the advancement of its diversified pipeline of growth projects, including in Australia, Finland and Zambia. John Turner and Dan Batista of Fasken Martineau advised First Quantum in this transaction.

    Subscribe

    Receive email updates from our team

    Subscribe