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Representative Work

The lawyers at Cassels Brock are involved in a wide range of cases and transactions, covering a broad spectrum of legal topics. You can search our database of representative work to learn more about an area that interests you. This section of our website contains a database of relevant information covering a wide array of legal topics.

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 Our Transactions 

Kingsway Announces Sale of York Fire & Casualty

On August 25, 2008, Kingsway Financial Services Inc. announced that it has entered into a definitive agreement to sell York Fire & Casualty Insurance Company to La Capitale General Insurance Inc., a member company of the mutual company, La Capitale Financial Group Inc., owned by members of Quebec's civil service. Kingsway anticipates receiving gross proceeds from the transaction of $95 million, which is estimated to be approximately 2 times York's shareholder's equity at the closing of the transaction.

Cassels Brock is acting for Kingsway.

Goldcorp Consolidates Red Lake District with $1.5 Billion Acquisition of Gold Eagle

On July 31, 2008, Goldcorp Inc. and Gold Eagle Mines Ltd. announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle. Gold Eagle's principal asset is the world class Bruce Channel gold discovery which is situated along the prolific Red Lake Trend, adjacent to Goldcorp's Red Lake gold mine. This transaction will enable Goldcorp to capitalize on its extensive exploration and operations expertise in the Red Lake district.

Cassels Brock acted for Goldcorp.

U of T Retains IBM Canada to Build Canada's Most Powerful Supercomputer

On July 18, 2008, the University of Toronto's SciNet Consortium and IBM Canada Ltd. reached an agreement whereby the University retained IBM to build and equip a $30 million high performance computing facility. The world-class SciNet facility will house Canada's most powerful and energy-efficient supercomputer, expected to be among the top 20 fastest supercomputers in the world; 30 times faster than the peak performance of Canada’s current largest research system. The facility will enhance SciNet's competitive position in global research projects, including ground-breaking research in climate change prediction, medical imaging, aerospace, and the global ATLAS project. The machine represents the second largest system ever built on a university campus, and the largest supercomputer outside the United States.

Cassels Brock acted on behalf of the University of Toronto.

Equitable Group Closes Bought Deal and Private Placement Financing

On July 16, 2008, Equitable Group Inc. closed its bought deal financing of 1,600,000 common shares at a purchase price of $21.50 per common share for aggregate gross proceeds of approximately $34.4 million. The underwriters later exercised their over-allotment option, purchasing an additional 60,000 common shares at a purchase price of $21.50 per share for additional gross proceeds of $1.29 million. Concurrent with the bought deal financing, Equitable closed a non-brokered private placement of 240,000 common shares at a price of $21.50 per common share for aggregate gross proceeds of $5.16 million.

Cassels Brock acted for Equitable.

Silver Bear Enters Into Strategic Partnership with Alfa Group Consortium

On July 16, 2008, Silver Bear Resources Inc. completed a private placement of common shares of Silver Bear, forming part of the previously announced strategic partnership with the Alfa Group Consortium, one of Russia's largest privately-owned financial/industrial conglomerates. Pursuant to this strategic partnership, the Alpha Group acquired through a subsidiary an aggregate of 7.4 million common shares of Silver Bear (19.5% of the outstanding capital of Silver Bear) through purchases in the market and from treasury.

Silver Bear was represented by Cassels Brock.

Eastmain Resources Closes $16 Million Private Placement

On July 3, 2008, Eastmain Resources Inc. completed its private placement of 11,447,000 units, including 1,447,000 units issued upon exercise of the underwriterss over-allotment option, at a price of $1.40 per unit for aggregate gross proceeds of $16,025,800.

Eastmain was represented by Cassels Brock.

Kinross Announces Friendly Combination With Aurelian

On July 24, 2008, Kinross Gold Corporation and Aurelian Resources Inc. approved a business combination by way of a friendly offer by Kinross to acquire 100% of the outstanding common shares of Aurelian. The total value of the offer is approximately $1.2 billion.

Cassels Brock is acting for Aurelian.

Cassels Brock Obtains Injunction in Anglican Church Property Dispute and Dismissal of Leave to Appeal

On May 5, 2008, the Ontario Superior Court of Justice granted the Anglican Diocese of Niagara shared management and possession of three church properties occupied by parishes that withdrew from the Diocese in protest of the blessing of same-sex unions. On July 15, 2008, Cassels Brock successfully thwarted the attempts of the dissident parishioners to obtain leave to appeal the Court's decision.

Cassels Brock acted on behalf of the Diocese.

Gold Wheaton Completes $260 Million Private Placement Financing

On July 8, 2008, Gold Wheaton Gold Corp. completed a $260 million private placement of subscription receipts.

Cassels Brock acted for Gold Wheaton.

Rexall Sports Acquires Edmonton Oilers With $100 Million Of Senior Secured Financing Provided By CIT Financial

On June 27, 2008, Rexall Sports Corp., an affiliate of the Rexall Family of Pharmacies (operated by the Katz Group), completed a $200 million acquisition of the NHL's Edmonton Oilers, financed in part by a $100 million senior secured facility provided by CIT Financial Ltd., as syndication agent, administrative agent and a lender.

Cassels Brock acted on behalf of CIT Financial Ltd. as syndication agent, administrative agent and a lender in connection with the acquisition of the Oilers and the senior secured financing required for the acquisition.

First Quantum Minerals Completes $250 Million Acquisition of Scandinavian Minerals

On June 18, 2008, First Quantum Minerals Ltd. and Scandinavian Minerals Limited completed a plan of arrangement, pursuant to which a wholly-owned subsidiary of First Quantum acquired all of the outstanding common shares of Scandinavian Minerals.

Cassels Brock acted for Scandinavian Minerals.

HudBay Minerals and Skye Resources Announce Proposed Merger

On June 23, 2008, HudBay Minerals Inc. and Skye Resources Inc. announced a proposed merger worth approximately $500 million.

Cassels Brock is acting for HudBay Minerals.

The transaction follows a trend of consolidation in the mining industry and represents one of the first where an advanced development project, such as Skye's South American Fenix Project, is acquired specifically to be brought into production.

New Dawn Mining Completes $6 Million Initial Public Offering

On June 13, 2008, New Dawn Mining Corp. completed an initial public offering of 3,334,000 common shares (including 234,000 shares from the partial exercise of the over-allotment option) at a price of $1.80 per share, for gross proceeds of $6,001,200.

Cassels Brock acted for the agent.

Alison Manzer Publications Included in Google Books

Excerpts of Alison Manzer's publications, "A Practical Guide to Canadian Partnership Law" and "The Corporate Counsel Guide to Banking & Credit Relationships," will be appearing in Google Books.

Cassels Brock Clients are Big Winners at 2008 Canadian General Counsel Awards

Congratulations to all of the winners of the 2008 Canadian General Counsel Awards, especially Cassels Brock clients Jacqueline Jones, Vice President Legal & General Counsel, Yamana Gold Inc. (winner in the Dealmaking category), Pamela Fruitman, General Counsel and Secretary, Teranet Inc. (winner in the Mid-Market Excellence category), Peter Sahagian, General Counsel, KPMG LLP (winner in the Litigation Management category) and Richard Leipsic, Senior Vice President & General Counsel, Canwest Global Communications Corp. (winner of the General Counsel of the Year award). We also congratulate our client Michael Kline, Senior Vice President Legal Services, Loyalty Management Group Canada Inc., who was a finalist in the Mid-Market Excellence category.

Quadra Mining Closes $195 Million Financing

On June 5, 2008, Quadra Mining Ltd. closed its offering of 7,145,000 common shares at a price of $24.50 per share for total gross proceeds of $175,052,500. The shares were sold on a bought deal basis with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Raymond James Ltd., BMO Capital Markets, Cormark Securities Inc. and GMP Securities L.P.

On July 8, 2008, the underwriters exercised their over-allotment option for additional gross proceeds of $20,132,875.

Cassels Brock acted for the underwriters.

Thompson Creek Closes $215 Million Financing

On June 5, 2008, Thompson Creek Metals Company Inc. closed its bought deal equity financing of 10,000,000 common shares at a price of $21.50 per share for aggregate gross proceeds of $215,000,000.

The underwriting syndicate was co-led by GMP Securities L.P. and UBS Securities Canada Inc., and included Scotia Capital Inc., Cormark Securities Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc., Paradigm Capital Inc. and Versant Partners Inc. The underwriters have an option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 1,000,000 common shares, increasing the aggregate gross proceeds of the offering to $236,500,000.

Cassels Brock acted for Thompson Creek.

Silver Wheaton Acquires 50% of Life of Mine Silver Production From Aurcana's La Negra Mine for US$25 Million

On June 3, 2008, Silver Wheaton Corp. agreed to purchase 50% of the life of mine silver produced at Aurcana Corporation's La Negra mine located in Queretaro State, Mexico.

Silver Wheaton will pay Aurcana an upfront cash payment of US$25 million in order to acquire 50% of all silver produced from the La Negra mine for the lesser of US$3.90 (subject to a one percent annual adjustment starting in year four after production commences) or the prevailing market price per ounce of silver. The transaction is expected to close by June 20, 2008.

Cassels Brock acted for Silver Wheaton.

Trade mark counsel to many famous US and European brands doing business in Canada

Counsel to a professional sports league in connection with a major licensing/branding agreement with Reebok

Counsel to a major cosmetics brand is association with the negotiation of an endorsement agreement with a celebrity make-up artist

Intellectual property counsel to a US based jewelry brand against infringers

Counsel to a major US-based shoe retailer with respect to the negotiation of all their commercial leases in Canada

Counsel to a superstar musical artist in connection with the launching of an apparel line

Worldwide trade mark counsel to a major Canadian lifestyle apparel retailer

Canadian Satellite Radio Holdings Inc. Completes $20 Million Convertible Debt Offering

On September 12, 2007, Canadian Satellite Holdings Inc., operator of XM Canada, closed a private placement of $20 million aggregate principal amount of convertible unsecured subordinated debentures due September 12, 2014. The private placement was completed through a syndicate of agents led by GMP Securities L.P. and including Genuity Capital Markets.

Cassels Brock represented the agents on the transaction.

Central Fund Closes US $111,769,600 Share Issue

On September 19, 2007, Central Fund of Canada Limited completed the sale of 11,840,000 non-voting, fully participating Class A shares at US$9.44 to CIBC World Markets Inc. as underwriter and raised total gross proceeds of US$111,769,600. The Class A shares were sold to investors primarily in Canada and in the United States, under the multijurisdictional disclosure system.

Cassels Brock represented CIBC World Markets Inc. on the transaction.

Kaboose Inc. Completes $115 Million Bought Deal Equity Financing

On November 29, 2007, Kaboose Inc. closed its acquisition of Bounty Group Limited and offering of common shares. The common shares were sold on a bought deal basis to a syndicate of underwriters co-led by GMP Securities L.P. and RBC Capital Markets, which also included Cormark Securities Inc., Dundee Securities Corporation, Canaccord Adams, Genuity Capital Markets, Jennings Capital Inc., Merrill Lynch Canada Inc. and National Bank Financial Inc. (collectively, the "Underwriters") at a price of $2.75 per common share for aggregate gross proceeds of approximately $115 million.

Cassels Brock represented the Underwriters on the transaction.

Central Gold-Trust Completes US$10.5 Million Public Offering

On February 12, 2008, Central Gold-Trust completed the sale of 287,000 Units of the Trust at US$36.65, for gross proceeds of US$10,518,550. The Units were sold pursuant to a public offering through the Trust's agents CIBC World Markets Inc., as sole Underwriter.

Cassels Brock represented CIBC World Markets Inc. on the transaction.

Central Fund Closes US$57 Million Share Issue

On March 5, 2008, Central Fund of Canada Limited completed the sale of 4,318,181 non-voting, fully participating Class A shares at US$13.20 to CIBC World Markets Inc. as underwriter and raised total gross proceeds of US$56,999,989.20. The Class A shares were sold to investors primarily in Canada and in the United States, under the multijurisdictional disclosure system.

Cassels Brock represented CIBC World Markets Inc. on the transaction.

Silver Wheaton Acquires 75% of Life of Mine Silver Production From Farallon Resources' Campo Morado Project in Mexico for US$80 Million

On May 13, 2008, Silver Wheaton Corp. agreed to purchase 75% of the life of mine silver produced by Farallon Resources Ltd. at its Campo Morado property in Guerrero State, Mexico. Silver Wheaton will pay Farallon US$80 million in order to acquire 75% of all silver produced from the Campo Morado property, for the lesser of US$3.90 (subject to a one percent annual adjustment starting in year four after production commences) or the prevailing market price per ounce of silver delivered. The upfront payment will be made on a draw down basis to fund ongoing capital expenditures at the Campo Morado property. Payment for the transaction will be drawn from existing credit facilities. Silver Wheaton will also receive a right of first refusal over any future silver stream involving Farallon.

Bruce Bell (finance) and Erik Goldsilver (mining, corporate) acted for Silver Wheaton.

Equitable Group Inc. Completes $12.5 Million Financing

On March 19, 2007, Equitable Group Inc. completed a $12,500,000 financing with Canadian Western Bank. The proceeds of the financing were used to expand the regulatory capital base and support additional growth in Equitable's wholly-owned subsidiary, The Equitable Trust Company in the form of $12,500,000 of Series 7 Subordinated Debentures.

Cassels Brock represented Equitable on the transaction.

Central Gold-Trust Closes US$18,840,250 Public Offering

On April 5, 2007, Central Gold-Trust completed the sale of 715,000 units of the Trust at US$26.35, for gross proceeds of US$18,840,250.

The units were sold pursuant to a public offering through the Trust's agents CIBC World Markets Inc., as lead agent, and Cormark Securities Inc.

Cassels Brock represented the agents on the transaction.

Equitable Group Inc. Completes $25 Million Share Offering

On April 30, 2007, Equitable Group Inc. completed a bought deal offering of 769,231 common shares at a price of $32.50 per share for aggregate gross proceeds of approximately $25 million.

The syndicate of underwriters was co-led by Cormark Securities Inc. and BMO Capital Markets, and included Blackmont Capital Inc. and GMP Securities LP.

Cassels Brock acted for Equitable.

Destinator Completes Issuance of US$3,000,000 Debentures and Issuance of CDN$5,000,000 Promissory Notes

On May 16, 2007, Destinator Technologies Inc. completed the issuance, on a private placement basis, of US$3,000,000 debentures to Pac-Link Ventures, Inc. and Destinator Technologies Inc. (Canada) completed the issuance of CDN$5,000,000 Promissory Notes to VentureLink Diversified Income Fund.

Cassels Brock represented the agent, GMP Securities L.P., on the transaction.

Central Fund Closes US$28,071,855 Share Issue

On April 25, 2006, Central Fund of Canada Limited of Calgary, Alberta announced that it completed the sale of 3,208,212 Class A shares at US$8.75 (CDN$10.04) to CIBC World Markets Inc., as underwriter, and raised total gross proceeds of US$28,071,855. The Class A shares were sold to investors in Canada and in the United States, under the multijurisdictional disclosure system.

Cassels Brock represented CIBC World Markets Inc. on the transaction.

Kaboose Closes $32 Million Public Offering

On June 13, 2006, Kaboose Inc. closed a public offering of 23.25 million subscription receipts issued at a price of $1.40 per subscription receipt for gross proceeds of $32.55 million.

GMP Securities L.P. led the syndicate for the offering, which also included Dundee Securities Corporation, CIBC World Markets Inc. and Merriman Curhan & Ford Co.

Cassels Brock represented the agents on the transaction.

Central Fund Closes US$60,775,000 Share Issue

On August 3, 2006, Central Fund of Canada Limited of Calgary, Alberta announced that it completed the sale of 7,150,000 Class A shares at US$8.50 to CIBC World Markets Inc. as underwriter and raised total gross proceeds of US$60,775,000. The Class A shares were sold to investors primarily in Canada and in the United States, under the multijurisdictional disclosure system.

Cassels Brock represented CIBC World Markets Inc. on the transaction.

OutdoorPartner Media Completes $10 Million Public Offering and Acquisition of Intelligent Media

On August 17, 2006 OutdoorPartner Media Corporation completed its public offering of 14,285,715 subscription receipts at $0.70 per subscription receipt for gross proceeds of $10 million. The net proceeds of the offering were used to fund a portion of the cash component of the purchase price in connection with the previously-announced acquisition of all of the outstanding securities of Intelligent Media Corporation. The acquisition was completed concurrently with the closing of the offering.

The offering was led by GMP Securities L.P. on behalf of a syndicate of agents including Canaccord Capital Corporation, Genuity Capital Partners, Wellington West Capital Markets Inc. and M Partners Inc.

Cassels Brock represented the agents on the transaction.

Destinator Technologies Completes US$13,821,000 Private Placement

On October 30, 2006, Destinator Technologies Inc. completed the issuance and sale, on a private placement basis, of an aggregate of US$13,821,000 principal amount of senior secured convertible debentures and detachable common share purchase warrants.

Cassels Brock represented the agent, GMP Securities L.P., on the transaction.

Canadian Bioenergy Corporation Completes $13 Million Debenture Offering

On April 12, 2007, Canadian Bioenergy Corporation completed its issue and sale of an aggregate of $13,285,000 principal amount of secured subordinated convertible debentures.

Cassels Brock represented the agent, GMP Securities L.P., on the transaction.

Kaboose Completes $29 Million Bought Deal Offering

On January 3, 2007, Kaboose Inc. completed a public offering of 10,000,000 common shares, comprised of 6,000,000 common shares from treasury by Kaboose and 4,000,000 common shares in the capital of Kaboose from the selling shareholders for aggregate gross proceeds of $15 million to Kaboose and $10 million to the selling shareholders. The over-allotment option was subsequently exercised, increasing the aggregate gross proceeds to $28.75 million.

The common shares were sold on a bought deal basis to a syndicate of underwriters led by GMP Securities L.P. and including Sprott Securities Inc. and Dundee Securities Corporation.

Cassels Brock acted for the underwriters.

Counsel for Capital Sports

Yana Ermak and Chris Hersh acted for Capital Sports in connection with a private application under section 77 of the Competition Act. Details

Foresters Completes Acquisition of Unity Life

On April 3, 2008, The Independent Order of Foresters and Unity Life of Canada announced completion of a sponsored demutualization of Unity Life, a company with $560 million in assets, under which Unity Life became a wholly owned subsidiary of Foresters and will represent Foresters in the Canadian market as Unity Life of Canada, a Foresters Company. This was the first sponsored demutualization in Canada. The $50 million in proceeds from the share transaction will be paid to eligible policyholders in exchange for their voting control and their share of the value of Unity Life. This transaction will result in Foresters having assets of approximately $6 billion and equity of $1.4 billion.

Unity Life was advised by a team from Cassels Brock.

Aecon Completes $73 Million Equity Financing

On April 17, 2008, Aecon Group Inc. completed an issuance of common shares on a bought deal basis to a syndicate of underwriters led by GMP Securities L.P. and including Paradigm Capital Inc., Raymond James Ltd., TD Securities Inc., Canaccord Capital Corporation, and CIBC World Markets Inc.

The 4.0 million shares included in the bought deal agreement were sold at $18.25 per share, representing gross proceeds of $73 million.

Cassels Brock represented the underwriters.

Oxford Finance Corporation and Comerica Bank Complete Cross-Border Venture Capital Financing

On April 14, 2008, Oxford Finance Corporation, a subsidiary of a top 10 international bank, and Comerica Bank completed a multi-million dollar cross-border highly structured venture capital investment to VisualSonics Inc., VisualSonics Corporation and VisualSonics Limited. The facility was guaranteed by VisualSonics Inc.'s Dutch subsidiary.

Oxford Finance Corporation was represented by Cassels Brock.

Cargojet Income Fund Closes $35 Million Offering

On April 9, 2008, Cargojet Income Fund closed an offering of $31 million aggregate principal amount of Subordinated Unsecured Convertible Debentures due April 30, 2013. On April 16, 2008, the underwriters exercised in full their over-allotment option, purchasing an additional $4,650,000 aggregate principal amount of Debentures.

The underwriting syndicate for the offering was led by RBC Capital Markets and included BMO Nesbitt Burns Inc., Scotia Capital Inc., Cormark Securities Inc. and Research Capital Corporation.

Cassels Brock acted for Cargojet.

Allied Nevada Gold Completes Cross-Border Public Offering

On April 8, 2008, Allied Nevada Gold Corp. completed a cross-border public offering of 12,500,000 common shares at a price of $5.25 per share for aggregate proceeds of $65,625,000. Allied Nevada has also granted to the underwriters an option for a period of 30 days following the closing to purchase up to an additional 1,875,000 common shares at the offering price for additional aggregate proceeds of up to $9,843,750.

Cormark Securities Inc. and GMP Securities L.P. were co-lead underwriters of a syndicate of underwriters that included Genuity Capital Markets, National Bank Financial Inc. and Dundee Securities Corporation.

Cassels Brock acted as Canadian counsel to Allied Nevada.

National City Commercial Capital Completes Private Securitization Facility of $60 Million

In January 2008, National City Commercial Capital Corporation completed a private securitization facility of $60 million to Alter Moneta Corporation. Alter Moneta focuses its business primarily on asset-based lending in the equipment leasing markets to provide financing alternatives to vendors, manufacturers, dealers and end-user borrowers.

National City was represented by Cassels Brock.

Consolidated Thompson Closes $179 Million Financing

On March 27, 2008, Consolidated Thompson Iron Mines Limited closed a bought deal financing of 23,000,000 common shares, which includes the exercise in full of the over-allotment option, at a price of $7.80 per common share for aggregate gross proceeds of $179,400,000.

Macquarie Capital Markets Canada Ltd. was the lead underwriter in a syndicate that included Canaccord Capital Corporation, GMP Securities L.P. and RBC Capital Markets.

Consolidated Thompson Iron Mines Limited was advised Cassels Brock.

Front Street Flow-Through 2008-I Limited Partnership Completes $110 Million Offering

Front Street Flow-Through 2008-I Limited Partnership recently issued over $110 million of transferable limited partnership units. The offering was made through a syndicate of investment dealers, co-led by National Bank Financial Inc. and CIBC World Markets Inc., which included BMO Nesbitt Burns Inc., RBC Capital Markets, Canaccord Capital Corporation, Scotia Capital Inc., TD Securities Inc., Richardson Partners Financial Ltd., Tuscarora Capital Inc., Raymond James Ltd. and MGI Securities Inc. The Units were issued to the public at a price of $25.00 per Unit. The deal closed on February 28, 2008.

Front Street Flow-Through 2008-I Limited Partnership was advised by Cassels Brock.

Silver Wheaton Acquires Life of Mine Silver Production From Mercator Minerals

On March 17, 2008, Silver Wheaton Corp. agreed to purchase all of the silver produced by Mercator Minerals Ltd. at its copper-molybdenum-silver Mineral Park Mine in Arizona. Upon the closing of the transaction, Silver Wheaton will pay Mercator an up front cash payment of US$42 million in order to acquire the silver produced by the Mineral Park Mine over its entire mine life and Silver Wheaton has agreed to pay Mercator an ongoing per ounce payment of the lesser of US$3.90 (subject to a one percent annual adjustment beginning three years after a minimum production level has been achieved) and the prevailing market price for each ounce of silver sold by Mercator to Silver Wheaton.

Cassels Brock acted for Silver Wheaton.

FNX Acquisition of Dynatec's Mining Services Division

FNX Acquisition of Dynatec's Mining Services Division, closed October 15, 2007

Franco-Nevada Closes $267 Million Bought Deal Financing

On March 13, 2008, Franco-Nevada Corporation closed its public offering of 11,500,000 units, which included the full exercise at closing of the over-allotment option. The units were sold at a price of $23.25 per unit for aggregate gross proceeds of $267,375,000. Each unit consisted of one common share and one-half of one common share purchase warrant.

The units were sold on a bought deal basis through a syndicate of underwriters led by BMO Capital Markets and UBS Securities Canada Inc., and included CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., Dundee Securities Corporation, Genuity Capital Markets, Paradigm Capital Inc. and Wellington West Capital Markets Inc.

Cassels Brock acted for Franco-Nevada.

Counsel to Waste Management of Canada Corporation

Yana Ermak acted as counsel to Waste Management of Canada Corporation to amend a Competition Tribunal order.

Teranet Acquires Do Process Software

On February 4, 2008, Teranet Enterprises Inc. acquired Do Process Software Ltd., a leading provider in Canada of conveyancing software for real estate lawyers and applications for corporate and estate lawyers.

Cassels Brock acted for Teranet.

Cassels Brock Successful in Battle for Board of Directors

On March 5, 2008, Cassels Brock received an important decision on behalf of its client Guyana Goldfields Inc. ("Guyana") in the case of Coronation Minerals Inc. ("Coronation") v. Guyana Goldfields Inc. In this case, a shareholder and director of Coronation (a public mining company) had brought an oppression application and interlocutory injunction to stop Guyana from calling a shareholders meeting in which Guyana proposed to replace the Board of Directors of Coronation with nominees proposed by Guyana. Ultimately, the Ontario Superior Court of Justice (Justice Morawetz presiding) dismissed the application. Justice Morawetz indicated that the democratic right of the shareholders to choose their directors should prevail, especially in a situation where the shareholders were properly informed and the statutory requirements for calling a shareholders meeting were fulfilled. Consequently, Guyana nominees were appointed to the Coronation Board.

Bob Cohen acted for Guyana in the litigation, along with Jeff Roy on the corporate side.

Goldcorp Completes Offering of Silver Wheaton Shares

On February 14, 2008, Goldcorp Trading (Barbados) Limited, an indirect wholly-owned subsidiary of Goldcorp Inc., completed the sale of 108,000,000 common shares of Silver Wheaton Corp. at a price of $14.50 per common share for aggregate gross proceeds to Goldcorp Trading of $1,566,000,000. The offering represents the sale of Goldcorp Trading's entire remaining stake in Silver Wheaton. This offering represented the largest bought deal in Canadian history and third largest mining secondary offering globally.

The syndicate of underwriters was co-led by Macquarie Capital Markets Canada Ltd., Genuity Capital Markets and GMP Securities L.P., with Macquarie Capital Markets Canada Ltd. and Genuity Capital Markets as co-bookrunners, and included CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Canaccord Capital Corporation and Merrill Lynch Canada Inc.

Cassels Brock acted for Goldcorp.

Cassels Brock Wins Appeal of Summary Judgment at Ontario Court of Appeal

On February 4, 2008, Cassels Brock successfully represented a bank in an appeal of a summary judgment before the Ontario Court of Appeal. In Business Development Bank of Canada v. Terrence Goodfellow (February 4, 2008, Ontario Court of Appeal), the appellant guarantor moved to set aside summary judgment. The panel of judges accepted the arguments of Cassels Brock and found that no genuine issue for trial existed. The appeal was dismissed with costs to the bank.

Ceres Global Ag Closes Initial Public Offering

On December 21, 2007, Ceres Global Ag Corp. completed its initial public offering of 12,500,000 units at $12.00 per unit, for gross proceeds of $150 million. Each unit consists of one common share and one common share purchase warrant. On January 14, 2008, the agents exercised their over-allotment option, increasing the value of the offering to $154,721,760.

The syndicate of agents was co-led by BMO Nesbitt Burns Inc., Credit Suisse Securities (Canada), Inc. and Wellington West Capital Markets Inc., and included CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, Richardson Partners Financial Limited and Tuscarora Capital Inc.

Cassels Brock acted for the agents.

Wega Mining Acquires Goldbelt Resources

On December 13, 2007, Wega Mining ASA completed its acquisition of over 91% of the outstanding shares of Goldbelt Resources Ltd. by way of a take-over bid, for a total bid price of approximately $104 million. Wega Mining and Goldbelt had entered into a support agreement pursuant to which Wega Mining agreed to subscribe for 16 million shares of Goldbelt and to make the take-over bid. In addition, Dundee Precious Metals Inc., Goldbelt's largest shareholder, agreed pursuant to a lock-up agreement to tender its approximately 41% block to Wega Mining's bid. Together with the shares it subscribed for, Wega Mining acquired an aggregate of approximately 93% of the Goldbelt shares for a total price of approximately $118 million.

Dundee Precious Metals was represented by Cassels Brock.

Continental Nickel Closes $9 Million Private Placement Financing

On January 8, 2008, Continental Nickel Limited completed the sale of 3.0 million common shares at a price of $3.00 per common share for aggregate gross proceeds of $9.0 million.

The syndicate of underwriters was led by Paradigm Capital Inc. and included PI Financial Corp. and Raymond James Ltd. The underwriters agreed to complete the private placement, on a bought deal private placement basis, with a right to substitute purchasers. As part of the financing, the underwriters exercised an option to purchase an additional 390,000 common shares at $3.00 per common share which is part of the aggregate gross proceeds of $9,000,000.

Cassels Brock acted for the underwriting syndicate.

Silver Bear Resources Closes $30 Million Initial Public Offering

On December 19, 2007, Silver Bear Resources Inc. completed its initial public offering of 10,000,000 common shares at a price of $3.00 per share, for gross proceeds of $30 million.

RBC Capital Markets and Merrill Lynch & Co. acted as lead managers and book runners of the offering. The other members of the underwriting syndicate are GMP Securities L.P. and Wellington West Capital Markets Inc.

Cassels Brock acted for Silver Bear.

New World Gaming Acquires Gateway Casinos

New World Gaming Partners Ltd., a joint venture owned by Macquarie Group Limited and Crown Limited (formerly Publishing and Broadcasting Limited) acquired all of the units of Gateway Casinos Income Fund on November 16, 2007. Concurrently with the acquisition, New World acquired all of Gatewayys 5.35% convertible debentures, substantially all of the assets of Gateway Casinos Inc. and all of the shares of Star of Fortune Gaming Management (B.C.) Corp. Collectively, the aggregate enterprise value ascribed to the acquired businesses and assets was approximately $1.37 billion. The acquisitions were financed, in part, by multi-currency first lien facilities and a second lien facility provided by a syndicate of lenders led by Bear, Stearns & Co. Inc. and RBC Capital Markets, in their capacities as co-lead arrangers and joint bookrunners. Merrill Lynch Capital Inc. provided the interest rate and currency swaps with respect to the term loans.

Cassels Brock advised the lenders with respect to the Canadian aspects of the financing.

Canadian Government Obtains Dismissal and Stay of $25 Million Aboriginal Claim

In a decision released on December 4, 2007, the Canadian government succeeded in having the majority of an Indian class proceeding dismissed and the remainder of the action stayed. Justice Joan Lax struck, without leave to amend, a series of claims by Indians for breach of fiduciary duty, breach of the duty to consult and accommodate, and discriminatory treatment. The court also permanently struck and dismissed claims relating to the Canada Revenue Agency's administrative guidelines as well as claims relating to the Indians' employer.

The remainder of the claims by the class members - conspiracy and misfeasance in public office - were struck, but with leave to amend.

To the extent that the action remained after the dismissal of the claims, the court stayed the action until a series of other proceedings is determined in the Federal Court and Tax Court of Canada.

Cassels Brock acted on behalf of the Government of Canada.

Federal Court of Appeal Affirms Trade-Mark Decision

On November 19, 2007, the Federal Court of Appeal affirmed the decision made by the Federal Court on an appeal from the decision of the Trade-marks Opposition Board. The Court confirmed that survey evidence showed that the appellantts mark evoked images of the hockey team, the Quebec Nordiques, not the appellantts trade mark. The Court also found that the appellantts failure to object to the admissibility of this evidence was also fatal to its appeal.

Cassels Brock appeared on behalf of the successful party in the Federal Court and in the Federal Court of Appeal.

Aurora Energy Resources Closes Bought Deal Financing

On November 27, 2007, Aurora Energy Resources Inc. closed its bought deal financing of 6,018,600 common shares at a price of $16.00 per common share (including 706,100 common shares issued pursuant to the exercise of an over-allotment option) and 750,000 flow-through shares at a price of $20.50 per flow-through share for aggregate gross proceeds of $111,672,600.

The underwriting syndicate was led by Cormark Securities Inc. and RBC Capital Markets Inc. and included National Bank Financial Inc., Blackmont Capital Inc. and Dundee Securities Corporation.

Cassels Brock acted for Aurora Energy Resources.

Mavrix Explore 2007-II FT LP Completes $50 Million Financing

On October 16, 2007, Mavrix Explore 2007-II FT Limited Partnership (the "LP") completed an initial public offering of $50 million. The LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.

The offering was co-led by Dundee Securities Corporation, CIBC World Markets Inc., RBC Capital Markets Inc., and TD Securities Inc. Other syndicate members include Canaccord Capital Corporation, Scotia Capital Inc., Blackmont Capital Inc., Raymond James Ltd., Wellington West Capital Inc., Berkshire Securities Inc., GMP Securities L.P., IPC Securities Corporation, Bieber Securities Inc., Desjardins Securities Inc., MGI Securities Inc., Argosy Securities Inc., Industrial Alliance Securities Inc., and Laurentian Bank Securities Inc.

Cassels Brock acted for the agents.

Stone 2007-II FTLP Completes Closing of IPO

On October 19, 2007, Stone Asset Management Limited, on behalf of Stone 2007-II Flow-Through Limited Partnership ("Stone 2007-II FTLP"), completed its initial public offering, and raised gross aggregate proceeds of $25,000,000, representing 1,000,000 limited partnership units at $25 per unit.

The offering was made by a group of securities dealers led by National Bank Financial Inc. and CIBC World Markets Inc., and included BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Burgeonvest Securities Ltd., IPC Securities Corporation, Jory Capital Inc., Richardson Partners Financial Ltd., Rothenberg Capital Management Inc. and Sanders Wealth Management Group Ltd.

Cassels Brock acted for Stone 2007-II FTLP.

Yamana Gold Completes Takeover Bid of Meridian Gold and Acquisition of Northern Orion Resources

On October 15, 2007, Yamana Gold Inc. completed its successful US$4.4 billion takeover bid for Meridian Gold Inc. and its concurrent acquisition of Northern Orion Resources Inc. Shareholders of Meridian received 2.235 shares of Yamana and C$7.00 in cash for each share of Meridian tendered to the bid. Shareholders of Northern Orion received 0.543 shares of Yamana for each share of Northern Orion pursuant to a plan of arrangement. (Yamana commenced the takeover bid on July 20, 2007 on an unsolicited basis and Yamana and Meridian entered into a support agreement on September 24, 2007.)

Cassels Brock acted for Yamana.

Peak Gold Completes $110 Million Private Placement

On November 28, 2007, Peak Gold Ltd. completed its private placement of special warrants raising gross proceeds of $110,792,500. Each special warrant entitles the holder thereof to receive one common share of Peak Gold and one-half of one common share purchase warrant on the exercise of the special warrant for no additional consideration. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.90 until the date that is five years from the closing of the offering.

The offering was co-led by GMP Securities L.P., Canaccord Capital Corporation and CIBC World Markets Inc. and included Genuity Capital Markets, Orion Securities Inc., Brant Securities Limited, Paradigm Capital Inc. and PI Financial Corp.

Cassels Brock acted for Peak Gold.

Silverstone Closes $50 Million Financing

On November 27, 2007, Silverstone Resources Corp. completed a private placement of 17,250,000 common shares at a price of $2.90 per common share for aggregate gross proceeds to Silverstone of approximately $50 million. Capstone Mining Corp. purchased 3,577,670 common shares sold under the offering to maintain their 19.9% holding in Silverstone.

Scotia Capital Inc. acted as the lead underwriter on behalf of a syndicate of underwriters that included PI Financial Corp.

Cassels Brock acted for the underwriters.

Cassels Brock Wins Insurance Coverage Trial

In a written decision released on November 13, 2007, Ian Gold won an insurance coverage trial. At issue was the scope of coverage for a $200,000 slate roof on a historical home.

Gibralt Capital Completes Acquisition of Skyservice Airlines

On October 19, 2007, Gibralt Capital Corporation completed a plan of arrangement which resulted in the acquisition of Skyservice Airline Inc.'s charter airline business.

Cassels Brock acted for Gibralt Capital.

High River Gold Mines Closes $100 Million Public Offering

On November 8, 2007, High River Gold Mines Ltd. closed a public offering of 32,300,000 units on a "bought deal" basis at a price of $3.10 per unit for gross proceeds of $100,130,000. On December 7, 2007, the underwriting syndicate exercised their over allotment option, purchasing 2,422,500 warrants at a price of $0.38 per warrant for gross proceeds of $920,550, increasing the total gross proceeds of the offering to $101,050,550.

The underwriting syndicate was led by GMP Securities L.P. and included CIBC World Markets Inc., Cormark Securities Inc. and Dundee Securities Corporation.

Cassels Brock acted for High River.

Enterprise Completes Acquisition of Vanguard Car Rental

On August 1, 2007, Enterprise Rent-A-Car completed its acquisition of Vanguard Car Rental and its National Car Rental and Alamo Rent A Car businesses from Cerberus Capital Management LP.

Cassels Brock acted for Cerberus.

Red Back Closes $110 Million Public Offering

On October 31, 2007, Red Back Mining Inc. closed a public offering of 16,667,200 common shares at a price of $6.60 per common share for gross proceeds of $110,003,520. The syndicate of underwriters was led by Scotia Capital Inc. and included GMP Securities L.P. and Cormark Securities Inc.

Cassels Brock acted for the underwriters.

Martinrea International Closes $127 Million Financing

On October 18, 2007, Martinrea International Inc. closed a private placement of 7,250,000 common shares on a "bought deal" basis at a price of $17.50 per common share for gross proceeds of $126,875,000. The underwriting syndicate was co-led by Paradigm Capital Inc. and GMP Securities L.P. and included Clarus Securities Inc., Scotia Capital Inc., TD Securities Inc., RBC Dominion Securities Inc., National Bank Financial Inc. and Orion Securities Inc.

Cassels Brock acted for the underwriters.

Kinross Gold Enters Into Definitive Option Agreement with Inmet Mining Corporation and Northern Star Mining to Sell a 100% Interest in the Callahan Gold Project

On October 23, 2007, Kinross Gold Corporation and Inmet Mining Corporation entered into a definitive option agreement with Northern Star Mining Corp., pursuant to which Northern Star Mining has been given the option to acquire 100% of the Callahan gold project located in Val d'Or, Quebec. In order to exercise the option, Northern Star Mining must pay Kinross and Inmet $200,000 on the effective date of the agreement, incur $2.5 million of expenditures on the project within 30 months of the effective date of the agreement and issue a total of 1,650,000 common shares of Northern Star Mining to Kinross and Inmet by the second anniversary of the effective date of the agreement.

Northern Star Mining has a 60 day due diligence period commencing on October 23, 2007. The effective date will occur on or before December 23, 2007.

Cassels Brock acted for Kinross.

Glencairn Completes $26 Million Private Placement

On October 22, 2007, Glencairn Gold Corporation closed its private placement financing for gross proceeds of $26,050,500. A syndicate of underwriters, led by Orion Securities Inc., and including Blackmont Capital Inc., Dundee Securities Corporation and Wellington West Capital Markets Inc., purchased 40,000,000 units of Glencairn (the "Units") and 133,670,000 subscription receipts of Glencairn (the "Subscription Receipts") at a price of $0.15 per Unit or Subscription Receipt. Each Subscription Receipt will be automatically converted into one Unit upon receipt of shareholder approval. Each Unit is comprised of one common share and one-half of one common share purchase warrant.

Cassels Brock acted for Glencairn.

Kinross Gold Corporation Enters Into Definitive Option Agreement With Linear Gold Corp.

On October 22,2007, Kinross Gold Corporation entered into a definitive option agreement with Linear Gold Corp. to earn up to a 70% interest in the Ixhuatan Project located in Chiapas State, Mexico. Under the terms of the definitive agreement, Kinross will pay Linear US$1 million, incur a minimum of US$15 million of expenditures on the Project within a 24 month period, and will then have the option to acquire an initial 60% interest in the Project by paying Linear US$45 million. Kinross will have a further option to increase its interest in the Project to 70% by making an additional payment to Linear of US$55 million within 90 days of Kinross' board of directors approving the construction of a mine at the Project based on a NI 43-101 compliant feasibility study.

Cassels Brock acted for Kinross.

Pinetree Capital Closes $72 Million Private Placement

On October 23, 2007, Pinetree Capital Ltd. completed a private placement of 13,750,000 units at a price of $5.25 per unit for gross proceeds of $72,187,500, including the exercise in full by the agents of their over-allotment option for 1,250,000 units. Each unit was comprised of one common share and one-half of one common share purchase warrant.

The units were sold through a syndicate of agents, led by Genuity Capital Markets and including Westwind Partners Inc.

Cassels Brock acted for Genuity Capital Markets.

Cassels Brock Wins Defective Concrete Case Against Insurer

On October 18, 2007, Bruce Thomas, Tom Donnelly, and Cathy Clark successfully represented a concrete forming contractor and residential builders in a claim against an insurance company.

In AXA Insurance (Canada) v. Ani-Wall Concrete Forming Inc. (October 18, 2007, Ontario Superior Court), the insurer moved for a declaration that four actions against Ani-Wall for defective concrete footings and foundations were excluded under Ani-Wall's CGL insurance policy. Justice Perell accepted the arguments of Cassels Brock and held that none of the three exclusions at issue applied.

Kinross Gold Sells Haile Gold Mine

On October 16, 2007, Kinross Gold Corporation completed the sale of the Haile Gold Mine in South Carolina to Romarco Minerals Inc. As consideration, Romarco has issued to Kinross 5 million common shares of Romarco, assumed all liabilities associated with the Haile Gold Mine and agreed to pay to Kinross a per ounce payment on new reserve ounces delineated on the Haile Gold Mine property equal to US$3 per ounce on reserves identified between 1 and 3 million ounces and US$5 per ounce on reserves identified between 3 and 5 million ounces.

Cassels Brock acted for Kinross.

Western Goldfields Closes $34.5 Million Bought Deal Financing

On October 12, 2007, Western Goldfields Inc. closed a public offering of 9,840,000 common shares, at a price of $3.05 per common share for gross proceeds of $30,012,000. In addition, the underwriters exercised their option in full to purchase an additional 1,476,000 common shares at the issue price for additional gross proceeds of $4,501,800 (for aggregate gross proceeds of $34,513,800). The syndicate of underwriters was co-led by Wellington West Capital Markets Inc. and RBC Capital Markets and included Scotia Capital Inc.

Cassels Brock acted for Western Goldfields.

Timminco Completes $86 Million Financing

On September 27, 2007, Timminco Limited completed a public offering of 4,360,291 common shares at a price of $8.50 per common share for gross proceeds of $37,062,474. The public offering was sold on a bought deal basis with an underwriting syndicate led by Clarus Securities Inc. and including Paradigm Capital Inc. The underwriters also exercised their over-allotment option in full and purchased an additional 654,043 common shares at a price of $8.50 per common share for total gross proceeds of $42,621,839.

Concurrently with the public offering, Timminco completed a private placement of 5,136,140 common shares at a price of $8.50 per common share for gross proceeds of $43,657,190.

The total gross proceeds of the public offering and the private placement was $86,279,029.

Cassels Brock acted for the underwriters.

Messina Minerals Closes $7 Million Private Placement

On September 28, 2007, Messina Minerals Inc. closed a brokered private placement of 6,320,000 flow-through shares at a price of $0.95 per flow-through share and 1,420,000 units at a price of $0.80 per unit for aggregate gross proceeds of $7,140,000. Each unit consists of one common share and one-half of one common share purchase warrant.

Orion Securities Inc. acted as the agent for this financing.

Cassels Brock acted for Orion Securities Inc.

Katanga Fights Off Hostile Takeover Bid

Following a hostile takeover bid made by Central African Mining and Exploration plc (CAMEC) on August 29, 2007, Katanga Mining Limited was advised on September 6, 2007 that CAMEC had withdrawn its unsolicited offer for Katanga. The withdrawal of the offer by CAMEC ended a battle for control of Katanga commenced by CAMEC in April 2007.

Cassels Brock represented Katanga.

Continental Nickel Limited Closes $19 Million Initial Public Offering

On August 2, 2007, Continental Nickel Limited announced that it had closed an initial public offering shares, for total gross proceeds of $18.975 million at a price of $1.50 per share for a total of 12,650,000 common shares. The syndicate of selling agents for the Canadian portion of the offering was led by Paradigm Capital Inc., and included PI Financial Corp. and Raymond James Ltd.

Net Proceeds from the offering will be used to conduct an extensive exploration program on Continental Nickel’s 70% owned Nachingwea Nickel Sulphide Project in southeast Tanzania as well as fund the acquisition of additional mineral properties and for general working capital.

Cassels Brock acted for the Agents.

Sterling Mining Completes US$25 Million Private Placements and Receives TSX Conditional Approval

On August 2, 2007, Sterling Mining Company announced that it had closed two private placement offerings, that in the aggregate raised a total of US$24,734,755.50.

In a brokered offering, the offering consisted of 5,585,792 special warrants at a price of US$3.25 per Special Warrant. Each Special Warrant is convertible into one common share of the Company and one-half of one common share purchase warrant. The Brokered Offering was completed on a best-efforts basis with TD Securities Inc. and Blackmont Capital Inc.

A second offering consisted of 2,024,902 units at the same price of US$3.25 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant.

In addition, Sterling has received conditional approval from the Toronto Stock Exchange to list its common shares on the TSX, subject to fulfilling all requirements of the TSX and filing of customary documentation on or prior to October 30, 2007.

Cassels Brock acted for Sterling Mining Company.

Goldcorp Sells 25% of Life of Mine Silver Production from its Penasquito Project to Silver Wheaton Corp.

On July 24, 2007, Goldcorp Inc. agreed to sell 25% of the life-of-mine silver production from its Penasquito Project located in Zacatecas, Mexico to Silver Wheaton Corp. for an upfront cash payment of US$485 million. In addition, Silver Wheaton will pay an ongoing per-ounce price for each ounce of silver purchased equal to the lesser of US$3.90 (subject to annual inflationary adjustments) and the prevailing market price per ounce of silver at the time of sale.

Cassels Brock acted for Goldcorp.

Aura Gold Acquires Arapiraca Project from Zoneplan and Repalla

On July 17, 2007, Aura Gold Inc. completed its acquisition of the Arapiraca copper-gold development project located in the State of Alagoas in northeastern Brazil from Zoneplan Limited and Repalla Inc. The purchase price will be paid by issuing an aggregate of 320 million common shares of Aura Gold Inc. to the sellers, subject to certain escrow restrictions.

Cassels Brock acted for Zoneplan and Repalla.

Holloway Lodging REIT Completes $150 Million Public Offering

On June 21, 2007, Holloway Lodging Real Estate Investment Trust completed a $140 million bought deal public offering comprised of 17,758,000 units at a price of $5.35 per unit and $45,000,000 of 6.50% convertible unsecured subordinated debentures due June 2012. The size of the offering was increased to $150 million upon the exercise of the over-allotment option to purchase an additional 580,000 units and $6,844,000 of debentures.

The offering was completed by a syndicate of underwriters led by Canaccord Capital Corporation and including CIBC World Markets Inc, TD Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and Blackmont Capital Inc.

Cassels Brock acted for the underwriters.

Allied Nevada Closes $17 Million Private Placement

On July 17, 2007, Allied Nevada Gold Corp. completed a private placement financing of 3,696,000 units for total gross proceeds of $17,000,000. Each unit comprised of one share of common stock and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share for a period of two years from closing at a price of $5.75 per common share.

Cassels Brock acted as Allied Nevada's Canadian counsel.

Key Equipment Finance Enters Into US$23 Million Aircraft Lease with PM Air Inc.

On December 23, 2006, Key Equipment Finance entered into a US$22.9 million aircraft lease with PM Air Inc.

Cassels Brock acted for Key with a team that included Carlo Vairo and Jonathan Fleisher.

Dynamite Resources Closes $45 Million Private Placement

On June 14, 2007, Dynamite Resources Ltd., through its subsidiary, Tau Finance Inc., closed its private placement financing of 56,250,000 subscription receipts at a price of $0.80 per subscription receipt for gross proceeds of $45 million. Dynamite intends to use the net proceeds from the offering to acquire Tau Mining Limited (UK), exploration expenditures on the Dynamite's and Tau Mining's properties and for general corporate purposes.

The gross proceeds of the offering, less the expenses of the underwriters, will be held in escrow and will be released upon satisfaction of the following conditions:

  1. all steps required to effect the completion of the plan of arrangement among Dynamite, Tau Finance and Tau Mining; and
  2. satisfaction of the underwriters, acting reasonably as to (i) the public disclosure documents issued in connection with the plan of arrangement, and (ii) the technical reports of Dynamite and Tau Mining.

Upon satisfaction of the escrow release conditions, each subscription receipt will be automatically converted into one unit, each unit being comprised of one common share in the capital of the Tau Finance and one common share purchase warrant. Each warrant will be exercisable for one common share of Tau Finance at a price of $1.00 per common share until two years following satisfaction of the escrow release conditions

A syndicate of underwriters led by Orion Securities Inc. and including GMP Securities L.P and Cormark Securities Inc. acted in connection with the offering.

Cassels Brock acted for Dynamite.

iseemedia Inc. Closes $9.2 Million Public Offering

On June 28, 2007, iseemedia Inc. completed its short form prospectus offering of 11,500,000 units (including 1,500,000 units issued pursuant to the exercise of the over-allotment option) at a price of $0.80 per unit for aggregate gross proceeds of $9,200,000. Each unit consisted of one common share and one half of one common share purchase warrant. Each whole warrant shall be exercisable at any time for one common share at a price of $1.00 per share until December 28, 2008.

The offering was underwritten by a syndicate of underwriters led by Cormark Securities Inc. and including Orion Securities Inc. and Wellington West Capital Markets Inc.

Cassels Brock acted for the underwriters.

Scandinavian Minerals Closes $35 Million Financing

On June 6, 2007, Scandinavian Minerals Ltd. closed a bought deal financing pursuant to which it issued an aggregate of 4,000,000 common shares at a price of $8.75 per share for total gross proceeds of $35 million.

The underwriting syndicate was led by Paradigm Capital Inc., and included Canaccord Capital Corp.

Cassels Brock represented Scandinavian Minerals.

Timminco Limited Completes $30 Million Bought Deal Financing

On April 30, 2007, Timminco Limited completed its public offering of 10,000,00 common shares at a price of $2.60 per common share for gross proceeds of $26 million. The over-allotment option was subsequently exercised, increasing the total gross proceeds to $29.9 million.

The offering was sold on a bought deal basis and was co-led by Clarus Securities Inc. and Paradigm Capital Inc. as underwriters.

Cassels Brock acted for the underwriters.

Aberdeen International Closes $60 Million Private Placement

On June 7, 2007, Aberdeen International Inc. closed its private placement financing of subscription receipts in connection with its transition to a mining investment company. The total offering was for 75,000,000 subscription receipts at a price of $0.80 per subscription receipt for gross proceeds of $60 million.

Orion Securities Inc. and GMP Securities L.P. acted as agents in respect of the offering.

Cassels Brock acted for Aberdeen.

Dundee Precious Metals Completes $74 Million Bought Deal Financing

On June 29, 2007, Dundee Precious Metals Inc. completed a bought deal financing for aggregate gross proceeds of $74,348,750. The financing consisted of the sale of 4,800,000 units at a price of $10.50 per unit and 1,955,000 flow-through shares at a price of $12.25 per flow-through share for aggregate gross proceeds of $50,400,000 in units and $23,948,750 in flow-through shares. Each unit consists of one common share and one-half of one common share purchase warrant.

The syndicate of underwriters was co-led by GMP Securities L.P. and Dundee Securities Corporation, and included BMO Capital Markets, National Bank Financial Inc. and Orion Securities Inc.

Cassels Brock acted for Dundee Precious Metals.

Ur-Energy Completes $83 Million Bought Deal Financing

On May 10, 2007, Ur-Energy Inc. completed a bought deal offering of 15,158,000 common shares at a price of $4.75 per share for gross proceeds of $72,000,500. The underwriters also exercised in full an over-allotment option to purchase an additional 2,273,000 common shares at the same price for additional gross proceeds of $10,796,750.

The syndicate of underwriters was led by GMP Securities L.P., and included Raymond James Ltd., Canaccord Capital Corporation and Cormark Securities Inc.

Cassels Brock acted for the underwriters.

Groupworks Financial Corp. Completes $4 Million Offering

On May 28, 2007, Groupworks Financial Corp. completed its initial public offering of $3,780,000 (6,300,000 units at $0.60 per unit). Each unit consists of one common share and one-half of one share purchase warrant. On June 6, 2007, the agent exercised an over-allotment option to purchase an additional 600,000 units at $0.60 per unit for additional gross proceeds of $360,000.

Jones, Gable & Company Limited acted as agent for the offering.

Cassels Brock acted for Groupworks.

Stone 2007 FTLP Completes $21 Million IPO

On February 27, 2007, Stone 2007 Flow-Through Limited Partnership completed its initial public offering and raised gross aggregate proceeds of $21,588,200, representing 863,528 limited partnership units at $25 per unit.

The syndicate of agents was led by National Bank Financial Inc. and included, BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Wellington West Capital Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Blackmont Capital Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Raymond James Ltd.

Cassels Brock acted for Stone 2007 FTLP.

Tahera Diamond Completes $8.36 Million Flow-Through Private Placement

On June 8, 2006, Tahera Diamond Corporation, a Canadian diamond exploration and mining company, completed a flow-through private placement of 2,200,000 common shares at a price of $3.80 per share, for gross proceeds of $8,360,000. The proceeds from this financing will be utilized to fund the Company's exploration work on its diamond projects in Nunavut.

Tahera Diamond was represented by Cassels Brock.

Dominion of Canada General Insurance Co. Succeeds in Loss Transfer Arbitration

On June 8, 2007, the Dominion of Canada General Insurance Co. successfully overcame a limitation defense to prevail in a loss transfer arbitration. Prior to retaining Cassels Brock, Dominion was denied indemnity owing to a limitation defense. The arbitrator accepted Cassels Brock's argument under the former Limitations Act that a six year, and not a two year, limitation period applied. Since retaining Cassels Brock, our client has been paid or will be paid in excess of $400,000.

Alturas Minerals Closes $10,000,000 Financing

On May 29, 2007, Alturas Minerals Corp. completed a brokered private placement of 20,000,000 units at $0.50 per unit, for aggregate gross proceeds of $10,000,000. Each unit consisted of one common share of the company and one half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of $0.65 for a period of 18 months from the closing of the issue.

Raymond James Ltd. and CIBC World Markets Inc. acted as agents for the financing.

Cassels Brock acted for Alturas.

Rambler Metals and Mining Completes $14 Million Private Placement

On May 23, 2007, Rambler Metals and Mining PLC completed its private placement of 9,350,000 units, including 2,650,000 units issued upon exercise of the agent's over-allotment option, at a price of $1.50 per unit for aggregate gross proceeds of $14,025,000. Each unit is comprised of one ordinary share of one penny each and one-half of one ordinary share purchase warrant. Each warrant entitles the holder to purchase one ordinary share at a price of $2.00 until May 23, 2009. The brokered portion of the placement for a total of 5,210,000 units was completed by Haywood Securities Inc.

Cassels Brock acted for Rambler.

Pinetree Capital Closes $121 Million Private Placement

On April 16, 2007, Pinetree Capital Ltd. completed the sale of 10,000,000 units at a price of $12.13 per unit for gross proceeds of $121 million. Each unit was comprised of one common share and one-half of one common share purchase warrant.

The units were sold through a syndicate of agents, led by Genuity Capital Markets and including Westwind Partners Inc., Canaccord Capital Corporation and Kingsdale Capital Markets Inc.

Cassels Brock acted for the agents.

OutdoorPartner Media Completes $5 Million Bought Deal Offering

On May 15, 2007, OutdoorPartner Media Corporation completed a $5,355,000 public offering of common shares. An aggregate of 5,950,000 common shares were issued from treasury by way of short form prospectus at a price of $0.90 per share.

The offering was led by GMP Securities L.P. on behalf of a syndicate of underwriters including Westwind Partners Inc. and M Partners Inc.

Cassels Brock acted for the underwriters.

International Nickel Ventures Closes $23.1 Million Financing

On May 18, 2007, International Nickel Ventures Corporation closed a bought deal financing of 11,155,000 units at a price of $1.75 per unit for gross proceeds of $19,521,250. At closing the underwriters exercised their over-allotment option in full. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one additional common share at a price of $2.25 until November 18, 2008.

CIBC World Markets Inc. and Canaccord Adams acted as underwriters in connection with the offering.

Concurrent with the closing of the offering, International Nickel Ventures completed a private placement of 2,032,434 units on the same terms as the offering for additional gross proceeds of approximately $3,556,760.

Cassels Brock acted for International Nickel Ventures.

Red Back Closes $375 Million Private Placement

On May 10, 2007, Red Back Mining Inc. closed a private placement of 69,444,000 units at a price $5.40 per unit raising gross proceeds of approximately $375 million. Each unit consisted of 0.2 special warrants and 0.8 subscription receipts. Each whole special warrant entitles holders to receive, without payment of any further consideration, one common share at any time prior to the date which is the earlier of: (i) the third business day following the date a final receipt has been issued by the securities regulatory authorities in Canada for a short form prospectus qualifying the common shares; and (ii) four months and a day following the closing of the offering. Each subscription receipt entitles the holder to receive, without payment of additional consideration, one common share immediately following the acquisition by Red Back of the Tasiast Gold Project and the satisfaction of certain other conditions.

The offering was completed on a private placement best efforts agency basis by a syndicate of agents co-led by GMP Securities LP and Cormark Securities Inc. and including Scotia Capital Inc., Haywood Securities Inc., Dundee Securities Corporation and Paradigm Capital Inc.

Cassels Brock acted for the agents.

Blue Pearl Mining Ltd. Completes $36 Million Private Placement

On April 19, 2007, Blue Pearl Mining Ltd. completed a private placement of 3,000,000 common shares at a price of $12.00 per common share to Sprott Molybdenum Participation Corporation for total proceeds of $36 million. Subsequent to the closing, Blue Pearl will reduce its debt (First Lien Credit Facility) by $36 million.

Cassels Brock represented Blue Pearl.

Quadra Mining Closes $150 Million Financing

On May 9, 2007, Quadra Mining Ltd., a Vancouver-based copper producing company, closed its offering of 11,960,000 units at a price of $12.60 per unit for total gross proceeds of $150,696,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to acquire an additional common share at an exercise price of $20.00 until May 9, 2010.

The units were sold on a bought deal basis with a syndicate of underwriters led by Orion Securities Inc. and including BMO Capital Markets and Raymond James Ltd.

Cassels Brock acted for the underwriters.

Mines Management Closes $34 Million US Northbound MJDS Offering

On April 20, 2007, Mines Management, Inc. completed a public offering of 6,000,000 units for gross proceeds of $30,000,000 US. The underwriters exercised an over-allotment option to purchase 836,600 additional units on May 9, 2007 for gross proceeds of $4,183,000 US.

Each unit was comprised of one share of common stock and one-half of one common stock purchase warrant. Mines Management conducted the offering as a Northbound MJDS offering.

The syndicate was led by TD Securities Inc. and included Blackmont Capital Inc., Salman Partners Inc., Cormark Securities Inc. and Raymond James Ltd.

Cassels Brock acted for the underwriters.

Nightingale Informatix Closes Financings and Completes Acquisition of VantageMed

On April 13, 2007, Nightingale Informatix Corporation, a leading provider of software solutions to the North American healthcare industry, closed its public offering of 25,000,000 subscription receipts at a purchase price of $0.40 per receipt, for aggregate gross proceeds of $10 million. The net proceeds were used to fund a portion of its $13 million US acquisition of VantageMed Corporation, which was completed on April 19, 2007. In conjunction with the acquisition, Nightingale closed a $15.5 million subordinated credit facility, which was led by Wellington Financial LP and included Export Development Canada, on April 20, 2007.

Cassels Brock acted for Nightingale.

Ontario Infrastructure Projects Corporation Completes $300 Million Private Placement

On April 26, 2007, Ontario Infrastructure Projects Corporation completed a $300 million private placement of 4.70% Infrastructure Renewal Bonds due 2037.

The syndicate of underwriters was led by TD Securities Inc.

Cassels Brock acted for the underwriters.

Supreme Court of Canada Clarifies Presumptions of Ownership of Joint Bank Accounts

On May 3, 2007, the Supreme Court of Canada dismissed the appeal of Patricia Brooks in which Brooks sought to retain the funds in a joint bank account that she held with her deceased father. The joint bank account expressly provided for a right of survivorship in favour of Brooks. In considering evidentiary issues and applicable presumptions of law, the majority of the Supreme Court (Abella JJ in dissent) found that, in case of inter vivos transactions of this nature involving adult children, presumptions of advancement (gifts) did not apply and that the appropriate presumption of law that applied was that of resulting trust.

The Supreme Court of Canada reviewed the evidence at trial in detail to come to the conclusion that, despite the fact that the joint bank account agreement provided for a right of survivorship, the trial judge (and the Ontario Court of Appeal) were correct in finding that the evidence established that the deceased father did not intend for the funds in the joint account to devolve to the surviving daughter alone (to the exclusion of her siblings and her father's estate).

Cassels Brock acted for the estate of Niels Madsen (Saylor and Madsen).

Quantum Capital Completes $84 Million Acquisition of Skyway Canada Limited

On March 9, 2007, a private equity consortium led by Quantum Capital completed the acquisition of Skyway Canada Limited and Total Support Services Limited, Canada’s largest privately held Canadian scaffolding company, for $84 million.

A portion of the purchase price was funded by a syndicate of lenders comprised of CapitalSource and Laminar Direct L.P. with CapitalSource acting as agent for the lenders.

CapitalSource was represented by Cassels Brock.

Mirabela Nickel Completes $183 Million Offering

On May 2, 2007, Mirabela Nickel Limited completed its prospectus offering, issuing a total of 34,500,000 ordinary shares at $5.30 per share for gross proceeds of $182,850,000. In connection with the offering, the agents exercised an option to acquire an additional 4,500,000 shares (included in the total number of shares referred to above).

The syndicate of agents was led by Cormark Securities Inc. (formerly Sprott Securities Inc.) and included Dundee Securities Corporation, GMP Securities L.P., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc.

Cassels Brock acted for the agents.

Silver Wheaton Acquires Silver Production from European Goldfields

On April 23, 2007, Silver Wheaton Corp. agreed to purchase all of the silver produced by Hellas Gold S.A., a 65%-owned subsidiary of European Goldfields Limited, at its lead-zinc-silver Stratoni mine in northern Greece. Silver Wheaton paid Hellas an upfront payment of $57.5 million US and ongoing payments for each ounce of silver purchased at a price equal to the lesser of $3.90 US (subject to a one percent annual adjustment beginning after three years) and prevailing market prices.

Cassels Brock acted for Silver Wheaton.

Nucor Acquires Harris Steel Group