Auryn Resources Inc. completes comprehensive reorganization transaction

On October 13, 2020, Auryn Resources Inc., a TSX and NYSE listed company, completed an approximately $350 million comprehensive reorganization transaction, that included: Two sequential plans of arrangement (one each for target and parent); Two concurrent spinouts (of its Peruvian projects) into two new reporting issuers; Two concurrent financings (subscription receipts and charity-flow-through shares); Acquisition of Eastmain Resources Inc. by way of a plan of arrangement; Pre-acquisition share consolidation; Post-reorganization name change to Fury Gold Mines Ltd.; and Listing of Fury Gold Mines on the TSX and NYSE American.

McMillan acted as counsel to Auryn with a deal team that included Cory Kent, Bernhard Zinkhofer, Ravipal Bains, Gavyn Backus, Andjela Sabet, Gurp Dhaliwal, Joshua Sved, Jordan Ghag, Ammen Bains, Colin Cheng, Julie Clemens, Susan Atkinson, Michael Taylor, Herbert Ono (Securities, M&A and Mining), Sonia Rainville and Marie-Lou Beaumont (Commercial Real Estate – Quebec).