Skip to main content
Client Work

Waterton Precious Metals Bid Corp successfully defends dissent proceeding brought by minority shareholder.

Reading Time 1 minute read Subscribe



Chaparral Gold Corp.

Waterton was successful in the B.C. Supreme Court and Court of Appeal in defending a dissent proceeding commenced by a minority shareholder.  The proceeding arose out of a transaction pursuant to which Chaparral Gold Corp. acquired Waterton.  A minority shareholder dissented from the transaction and sought a valuation of his shares that was three times higher than the transaction value.

The shareholder’s claim was dismissed in its entirety at trial, and the dismissal was updheld at the Court of Appeal.  The Court ordered that the fair value of the minority shareholder’s shares was the price established by the transaction and paid to all other shareholders.

Fasken represented Waterton with a team led by Mark Pontin and Maud Rozee.


  • British Columbia



    Receive email updates from our team