Page 46 - CCCA64_2010

CCCA_V4No4_Col-DealDevelop-V2.qxd:CCCA_V1No2_Col-News-V1.qxd 10/27/10 3:54 PM Page 46 H ere are the highlights of some of the many mergers, acquisitions, financings and other deals taking place in corporate Canada over the last few months. Each of the entries below has been provided by a Canadian law firm involved in each deal. SEMAFO inc. Details: Details: SEMAFO completed a bought deal public offering of common shares for aggregate gross proceeds of approximately $120 million. The underwriters, led by Jennings Capital Inc., CIBC World Markets Inc. and Macquarie Capital Markets Canada Ltd., and including BMO Capital Markets, National Bank Financial Inc., Haywood Securities Inc., Clarus Securities Inc. and Scotia Capital Inc., elected to fully exercise their over-allotment option, resulting in a total of 17,250,000 common shares being issued. Date: Closed June 4, 2010. On the Deal: For SEMAFO: In-house by Eric Paul-Hus, Vice President, Law and Corporate Hellen Siwanowicz, Pierre Dagenais, Secretary; Hellen Siwanowicz and David Mendicino (corporate and Canadian securities), Lang Michener LLP Ogilvy Renault LLP Herb Ono (US securities) and Paul Carenza (tax), Lang Michener LLP. For the syndicate of underwriters: Pierre Dagenais, Andrew Godfrey and Haiyan Zhou (cor- porate and Canadian securities), Geoffrey Gilbert (US securities) and Glenn Hines (tax), Ogilvy Renault LLP. Macquarie Power & Infrastructure Income Fund Details: Macquarie Power & Infrastructure Income Fund (“MPT”) announced the acquisition of a 20-megawatt solar photovoltaic (“PV”) power project to be designed, built and operated in Amherstburg, Ontario, on behalf of MPT by SunPower Corp. The approximate $130-million Amherstburg Solar Park will be primarily funded by a syn- dicate of international lenders including Dexia Crédit Local S.A., Caixanova America and WestLB AG, with approx- imately $33 million of equity to be contributed by MPT prior to the start of commercial operations, which is antic- ipated to be in June 2011. Date: Announced June 23, 2010. On the Deal: For MPT: In-house by Stuart Miller, Senior Vice President and General Counsel; Jeffrey Lloyd, ISTOCKPHOTO Kenneth Pearce, Anna MacMillan, Eric Moncik, Les Wong and Richard Turner (corporate), Iris Tam and Lauren Jonathan Weisz, Torys LLP Temple (real estate), Tim Bermingham (municipal), Ron Richler (tax), Jonathan Kahn (environmental), Gary Daniel 46 CCCA Canadian Corporate Counsel Association WINTER 2010