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Client Work

Deloitte acted as court-appointed receiver in the transfer of the Sigma mine and processing plant

Fasken
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Overview

Client

Samson Bélair/Deloitte & Touche Inc.

Samson Bélair/Deloitte & Touche, which was appointed to act as receiver for the assets of Century Mining Corporation, concluded the sale of the Sigma mine and processing plant to Integra Gold. The total purchase price of over $8 million, namely $1.8 million in cash and 25 million in common shares with an estimated value of $6.25 million. The assets contemplated by this sale included a tailings site and a processing plant with a 2,200 tpd capacity, as well as an authorized underground infrastructure with three mine openings, a mechanical workshop, offices, drying room, equipment and all of the mining concessions and claims of the former property in production. Deloitte is one of Canada’s largest professional services firms, and offers certification, taxation, consultation and financial advisory services to a wide variety of Canadian and international clients. Integra Gold is a Canadian corporation that focuses on exploration and development of its high-grade Lamaque gold project in Val-d'Or, Québec. The Fasken team that acted as legal counsel for Deloitte was led by Luc Béliveau and Guillaume-Pierre Michaud, and included Frank Mariage, Martin R. Gagné, Brandon Farber, Monica Dingle and Martin Thiboutot.

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