Bennett Jones is acting as legal counsel to Magna Mining Inc. in its definitive share purchase agreement to acquire 100% of Lonmin Canada Inc., including the Denison Project and the past producing Crean Hill mine in Sudbury.
Magna also announced a private placement offering of up to C$20 million to fund the cash component of the purchase price for the acquisition, as well as ongoing exploration and development activities at the Denison Project.
More details on the deal are available in Magna's press release.
The Bennett Jones deal team is led by Abbas Ali Khan (M&A) and includes Bosa Kosoric, Chris Doucet, Nusrat Ali, Yohanna Laurensia and Olivier Caron (M&A), Jane Helmstadter (Real Estate) and James Morand (Tax).
Bennett Jones