Mining

UrAsia Energy acquires Limited Liability Partnerships Betpak Dala and Kyzylkum

Advised UrAsia Energy on the indirect acquisition of equity in the Limited Liability Partnership - Betpak Dala and the Limited Liability Partnership - Kyzylkum for approximately US$500 million.  The acquisition included rights to subsoil use in relation to uranium mining properties.

Greystar Resources Inc. completes $63 million public offering

Represented a broker’s syndicate as Greystar Resources Inc. completed a public offering valued at gross proceeds of approximately CDN$63 million that will be used to advance the company’s gold-silver project in Colombia.

Amur Minerals Corporation

Advised Amur Minerals Corporation on structuring an equity financing transaction in light of strategic investment law and related restrictions.  Work also included advice on: the effect of foreign investment restrictions on the Russian nickel property owned by the company’s subsidiary; and conversion of a geological exploration license into a production one.

NCE Diversified Flow-Through (09) Limited Partnership completes $61 million IPO

Acted for NCE Diversified Flow-Through (09) Limited Partnership as it completed an initial public offering in three tranches, raising gross proceeds of approximately $61 million. The partnership was created for the purpose of investing in flow-through shares of resource companies in the oil and gas, mineral and renewable energy sectors.

ARMZ Uranium Holding Co.

Provided extensive legal advice to ARMZ Uranium Holding Co. on the acquisition of a foreign company involved in uranium production in various countries.

Roxmark Mines Limited combines with Ontex Resources Limited

Acted for Roxmark Mines Limited in connection with its business combination with Ontex Resources Limited (now Goldstone Resources Limited). As part of the business combination, Ontex acquired all of the issued and outstanding shares of Roxmark pursuant to a “three-cornered” amalgamation involving Roxmark and a subsidiary of Ontex.

Kazakhmys PLC Completes C$288 Million Take-Over of Eurasia Gold Inc.

On September 10, 2007, Kazakhmys Gold Inc., an indirect wholly-owned subsidiary of Kazakhmys PLC, completed its C$288 million acquisition of Eurasia Gold Inc. by way of a take-over bid and subsequent compulsory acquisition. The compulsory acquisition followed a successful unsupported bid on May 15, 2007 for all of Eurasia’s ordinary shares at a price of $0.85 in cash per share, which was accepted by Eurasia shareholders representing 96.34% of the shares.

Kazakhmys PLC is the largest copper producer in Kazakhstan and one of the leading copper producers in the world. The Kazakhmys Group produces significant volumes of other metals as by-products, including zinc, silver and gold. Existing operations include 20 open pit and underground mines, 9 concentrators, 2 copper smelting and refining complexes, a copper rod plant, a zinc plant and a precious metals refinery. The acquisition of Eurasia is in line with the Group’s strategic aim to diversify and participate in the development of the significant natural resource opportunities in Central Asia. Eurasia is engaged in the exploration, development and production of gold and other minerals, owning gold properties in Kazakhstan and Kyrgyzstan and a silver deposit in Tajikistan.

Macleod Dixon represented Eurasia and its majority shareholders with a Canadian team that included Richard Lachcik and John Carron and a  Kazakhstan team that included Yerzhan Kumarov and Zhibek Aidymbekova.

High River Gold

Representation of a Canadian company in a Russian acquisition. We counselled on tax and hard currency issues, prepared all necessary corporate and acquisition documents, negotiated and conducted due diligence on the project.

This transaction was significant in the use of multi-jurisdictional application of law, and, for the company, represents their second biggest project worldwide. We have most recently advised on the project financing of the company’s gold properties and transfer of mineral licenses.

African Copper PLC

Acted for African Copper PLC on a C$120 million public offering of Subscription Receipts and ordinary shares. African Copper is listed on the Toronto Stock Exchange and the AIM market of the London Stock Exchange. The Subscription Receipts were issued in Canada and the United States through a syndicate of Canadian underwriters and their U.S. affiliates and were converted into ordinary shares upon admission of the underlying shares to trading on AIM. Ordinary shares were offered directly in Europe through a European underwriter.

The issue was priced in pounds sterling and North American investors were given the option of paying the offering price in Canadian dollars.