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Client Work

5N Plus completes US$125 million equity financing

Fasken
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Overview

Client

National Bank Financial Inc.

On April 11, 2011, 5N Plus Inc. completed its previously-announced bought-deal offering of subscription receipts to a syndicate of underwriters led by National Bank Financial Inc. for gross proceeds to 5N Plus of $125 million. The subscription receipts were offered in all provinces of Canada by means of a short form prospectus as well as in the United States under applicable registration statement exemptions. The net proceeds from the offering were used by 5N Plus to fund part of the cash portion of the purchase price for its acquisition of MCP Group SA. 5N Plus paid the balance of the cash portion of the purchase price from its cash on hand. In light of the closing of the acquisition, investors in the offering received common shares in lieu of subscription receipts. 5N Plus draws its name from the purity of its products, 99.999% and higher (five nines or 5N). It is a fully-integrated producer and closed-loop recycler of highly-purified metals, compounds and wafers. Fasken Martineau acted as legal counsel to the syndicate of underwriters with a team that included Jean-Pierre Chamberland, Frédéric Boucher, Jean Michel Lapierre and Monica Dingle (securities) and Thomas Copeland (tax).

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