Canada Imposes Trade Remedy Measures on Chinese and Vietnamese Products, Including Duties Up To 204 Percent.
On August 20, 2021, West Fraser Timber Co. Ltd. (“West Fraser”) announced the completion of its substantial issuer bid (“SIB”) pursuant to which West Fraser purchased from shareholders for cancellation a total of 10,309,278 common shares at a price of C$97.00 per share for an aggregate purchase price of C$1.0 billion.
On June 29, 2021, the Fraser Health Authority announced the financial close of the $1.4 billion Phase 1 Redevelopment Project of the Burnaby Hospital, provided by the Bank of Nova Scotia.
On April 7, 2021, PharmaCielo Ltd. (“PharmaCielo”) (TSVX:PCLO) completed its previously announced overnight marketed offering of common shares from the treasury of the company, for gross proceeds of $13.5 million conducted through a syndicate of agents led by Cormark Securities Inc. and including Stifel GMP.
McMillan acted for Alvarez & Marsal Canada Inc. in its capacities as Trustee in Bankruptcy and Receiver of Greenfire Oil and Gas Ltd. and Greenfire Hangingstone Operating Corporation.
On January 26, 2021, Aurora Cannabis Inc. completed a bought deal public offering of units for total gross proceeds of US$137,940,000 pursuant to a prospectus supplement to the company’s short form base shelf prospectus dated October 28, 2020.
On November 17, 2020, Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) completed a US$23 million bought deal public offering pursuant to an underwriting agreement dated November 11, 2020 among the company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including Velocity Trade Capital Ltd., BMO Nesbitt Burns Inc., National Bank Financial Inc. and TD Securities Inc.
McMillan acted as counsel to PricewaterhouseCoopers Inc. in its capacity as monitor in the Companies’ Creditors Arrangement Act proceedings of Quest University Canada and, subsequently, as trustee in the related bankruptcy proceedings of Quest Guardian Properties Ltd.
On February 4, 2021, BGP Acquisition Corp. completed its initial public offering of 11,500,000 class A restricted voting units at an offering price of US$10.00 per Class A Restricted Voting Unit, for gross proceeds of US$115,000,000.
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