On March 31, 2015, the Canadian Securities Administrators (CSA) published a CSA Notice and Request for Comment with respect to proposed amendments to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids (MI 62-104) and changes to National Policy 62-203 – Take-Over Bids and Issuer Bids. The 90-day comment period on the proposed amendments ends on June 29, 2015.
The proposed amendments provide for significant changes to the take-over bid regime and in some cases clarify the concepts previously announced by the CSA in September 2014. Please see our detailed report, Amendments to Take-Over Bid Rules Will Deliver More … Continue Reading
Please join us on Monday, March 2, 2015 at the 2015 PDAC conference, where our National Mining Group will present a program specifically tailored for in-house counsel and other decision makers in the mining industry. The program will offer panel discussions on the latest legal developments and issues facing mining companies in Canada and abroad.
Topics presented on will include:
¬ Mining in Canada in the wake of the landmark Tsilhqot’in decision on aboriginal title and the Mount Polley Mines Tailings Facility Breach
¬ Emerging issues in anti-corruption laws and policies
¬ Top legal trends in mining M&A and … Continue Reading
On July 17, 2014, Moody’s Investors Service (Moody’s) released a report on metal streaming transactions, in which it discusses the impact of streaming transactions on the credit profiles of mining companies. Generally, Moody’s views metal streaming transactions as a form of equity investment, rather than debt financing. This is in contrast to criteria released by Standard & Poor’s (S&P) in 2013, which characterize the upfront payment aspect of metal streaming transactions as debt. … Continue Reading