https://mcmillan.ca/wp-content/uploads/2020/05/profile-default-mobile.jpg

Jason Chertin is an accomplished corporate finance lawyer with a dynamic capital markets and securities law practice and extensive experience in mergers and acquisitions. Structuring and executing a variety of capital market transactions, Jason advises on public offerings, and mergers and acquisitions with emphasis on negotiated transactions, plans of arrangement and amalgamations, and stock exchange listings. He is a leader of the firm’s Investment Funds & Asset Management Group.

Jason acts for issuers, underwriters, investment funds and asset managers in addition to stakeholders in the cannabis and mining sectors. He advises on public and exempt securities offerings, takeover bids, business combinations, reverse takeovers, qualifying transactions, reorganizations, proxy contests and related party transactions.

A significant part of Jason’s practice involves advising investment fund managers and portfolio advisers on public and exempt offerings of securities by open-end mutual funds, closed-end investment funds, commodity pools and pooled funds. He also assists with dealer and adviser registration and compliance matters.

Jason’s experience in securities regulatory work encompasses proxy solicitation, corporate governance, continuous disclosure, preparation for annual and special meetings of shareholders, compliance with NI 81-102 and IRC requirements, prospectus renewals, and applications to regulatory authorities for exemptive relief.



Representative Matters

Select corporate finance transactions include:

  • acting for Detour Gold Corporation in connection with a $162 million bought deal public offering by short form prospectus;
  • acting for the underwriters in connection with a $115 million overnight marketed public offering by PMI Gold Corporation;
  • acting for the underwriters in connection with a $35 million bought deal public offering by PMI Gold Corporation;
  • acting for the underwriters in connection with a $93 million bought deal public offering by Perseus Mining Limited;
  • acting for the dealer managers in connection with a $1.1 billion rights offering by Ivanhoe Mines Ltd.;
  • acting for Crystallex International Corporation in connection with a $35 million bought deal unit offering;
  • acting for the underwriter in connection with a $2.0 billion Canadian medium term note program established by Credit Suisse under a base shelf prospectus; and
  • acting for Crystallex International Corporation in connection with a $69 million overnight marketed unit offering.

Select transactions involving investment funds include:

  • acting for Healthcare Special Opportunities Fund in connection with a $72 million initial public offering;
  • acting for High Rock Canadian High Yield Bond Fund in connection with a $23 million initial public offering;
  • acting for GLG EM Income Fund in connection with an initial public offering;
  • acting for Advantaged Canadian High Yield Bond Fund in connection with a short form prospectus offering (re-opening);
  • acting for the agents in connection with a $125 million initial public offering of the Man GLG Emerging Markets Income Fund;
  • acting for Horizons Enhanced U.S. Equity Income Fund in connection with a $30 million initial public offering;
  • acting for Advantaged Canadian High Yield Bond Fund in connection with a $56 million initial public offering;
  • acting for SMC Man AHL Alpha Fund in connection with an initial public offering;
  • acting for Man Canada AHL DP Investment Fund in connection with an initial public offering; and
  • acting for Man Canada AHL Alpha Fund in connection with a $98 million initial public offering.

Select merger and acquisition transactions include:

  • acting for Société Anonyme d’Explosifs et de Produits Chimiques (Groupe EPC) in connection with the acquisition of Nordex Explosives Ltd. pursuant to a going private transaction;
  • acting for Platte River Gold Inc. in connection with a $50 million dollar acquisition by Scorpio Mining Corporation pursuant to a plan of arrangement;
  • acting for HMY Airways Inc. in connection with an acquisition by Exchange Industrial Income Fund pursuant to a plan of arrangement as part of an income trust conversion;
  • acting for ABRY Partners, LLC in connection with the $361 million acquisition of Q9 Networks Inc. pursuant to a plan of arrangement;
  • acting for Absolut Resources Corp. in connection with a $30 million dollar acquisition by Aquiline Resources Inc. pursuant to a three-cornered amalgamation;
  • acting for certain principal shareholders in connection with a $1.2 billion acquisition of Stelco Inc. by United States Steel Corporation;
  • acting for principal shareholders in connection with the $96 million take-over bid for PLM Group Inc. by Transcontinental Inc.; and
  • acting for SUEZ Energy International in connection with a $123 million take-over bid for Ventus Energy Inc.

Clients advised in connection contested shareholder meetings include:

  • acting for dissident shareholder group in a successful bid to replace the board of directors of Athabasca Potash Inc.; and
  • acting for dissident shareholder group in a successful bid to replace the board of directors of Atlantis Systems Corp.

Speaking Engagements

Preparing for the Unexpected: Tax Traps for Investment Funds in the Midst of the COVID-19 Pandemic - PMAC Webinar

March 30, 2020

Financing Growth - Funding Options in a Reluctant Capital Market PDAC 2014 Mining Trends and Opportunities - Grant Thornton LLP Panel Series

March 4, 2014

Limited Partnerships - The Canadian Bar Association Business Law & Real Property Law Seminar

February 25, 2014

News


Directorships & Affiliations

  • AIMA Canada – Legal & Finance Committee
  • PMAC – Industry Regulation & Tax Committee
  • TOROG Securities Subcommittee Group
  • Canadian Bar Association
  • Ontario Bar Association
  • Toronto Lawyers Association
  • PDAC

Education & Admissions

2001
Called to the Ontario bar
MBASchulich School of Business
LLBUniversity of Western Ontario
BA (Economics)York University
Certificate in Mining LawOsgoode Hall Law School

Insights by Jason A. Chertin (31 Posts)

Featured Insight

Client Focused Reforms – Upcoming Deadline for Registrants to Comply with the Conflict of Interest Amendments

The June 30, 2021 deadline for registered firms and their representatives to comply with the new CFRs relating to conflicts of interest is fast approaching.

Read More
Mar 31, 2021
Featured Insight
h4>Fund Managers – What You Need to Know to Raise Money in the US and Canada

Thinking about raising institutional capital to expand your reach in North America? There are a variety of considerations that impact how you do business in Canada and the United States.

Jul 16, 2020
Featured Insight

No Longer “Beasts of Burden” OSC Reduces Regulatory Load for Registrants on Two Fronts

The Ontario Securities Commission (“OSC”) recently announced two important changes to certain regulatory requirements

Read More
Jul 22, 2019
Featured Insight

OSC Waives Fees for Late OBA Disclosures as Part of Burden Reduction Project

On May 15, 2019, the Ontario Securities Commission (“OSC”) announced that registrants will no longer have to pay late fees associated with the disclosure of outside business activities (“OBAs”) past the required deadline.

Read More
May 21, 2019
Featured Insight

A Million Reasons – NextBlock OSC Settlement Agreement Highlights Risks of Using Marketing Presentations to Solicit Investments

A recent Ontario Securities Commission (“OSC”) settlement agreement with NextBlock Global Limited (“NextBlock”) and Alex Tapscott (“Tapscott”) highlights the risk associated with issuers providing investor presentation slide decks or other marketing documents to prospective investors.

Read More
May 21, 2019
Featured Insight

OSC Levies Fines With Respect to Improper Performance Fees

On February 19, 2019, the Ontario Securities Commission issued an Order approving the settlement agreement reached between OSC staff, AlphaNorth Asset

Read More
Mar 13, 2019
Featured Insight

First Mover Advantage: The Legalization of Adult Use Cannabis in Canada

Whether you are new to the cannabis industry, interested in starting a cannabis business, or have been seizing opportunities for a while — join us for an interactive day on the strategic and legal implications of the legalization of cannabis in Canada.

Details
October 30, 2018 - 7:30 am to 3:35 pm
Featured Insight

Cutting Out the Middle Man – Proposed Prohibition of Embedded Commissions

On Sep 13, 2018, the Canadian Securities Administrators published a notice and request for comment outlining Proposed Amendments to National Instrument 81-105.

Read More
Oct 19, 2018
Featured Insight

Liquid Alternatives Now a Reality Alternative Mutual Funds Regime Scheduled to Come Into Force January 3, 2019

The Canadian Securities Administrators have published the much anticipated final version of amendments introducing a "liquid alternatives" regulatory regime

Read More
Oct 5, 2018
Featured Insight

CSA Releases Client-Focused Reforms to NI 31-103 in Response to Client-Registrant Relationship Concerns

June 21, 2018, the CSA released reforms to better align the interests of securities advisors, dealers, and representatives with the interests of their clients.

Read More
Jul 18, 2018
Featured Insight

Guidance to Exempt Market Dealers on Account Opening Procedures

On December 19, 2017 the Alberta Securities Commission published ASC Notice 31-701–Account Opening Assistance to provide guidance on collection of know your client information

Read More
Mar 30, 2018
Featured Insight

CSA Consider Reforms to Determining Director and Audit Committee Member Independence

CSA Consider Reforms to Determining Director and Audit Committee Member Independence

Read More
Nov 22, 2017
Featured Insight

CSA Publishes Review of Disclosure of Women on Boards and in Executive Officer Positions

CSA Publishes Review of Disclosure of Women on Boards and in Executive Officer Positions

Read More
Nov 7, 2017
Featured Insight

CSA Provides Guidance to Registrants on Cyber Security and Social Media

CSA Provides Guidance to Registrants on Cyber Security and Social Media

Read More
Nov 1, 2017
Featured Insight

CSA Release Oversight Review Report of the MFDA

CSA Releases Oversight Review Report of the MFDA

Read More
Oct 10, 2017
Featured Insight

CSA amendments to NI 31-103 and NI 33-109 to enhance custody requirements and housekeeping changes

CSA amendments to NI 31-103 and NI 33-109 to enhance custody requirements and housekeeping changes

Read More
Sep 12, 2017
Featured Insight

MFDA Announces New Proficiency Standards for Selling ETFs

MFDA Announces New Proficiency Standards for Selling ETFs

Read More
Aug 9, 2017
Featured Insight

CSA warns about false or misleading information in registration applications

CSA warns about false or misleading information in registration applications

Read More
Jul 27, 2017
Featured Insight

Regulators Rethink “Best Interest” Standard for Registrants

Regulators Rethink "Best Interest" Standard for Registrants

Read More
May 30, 2017
Featured Insight

The tides are changing for cyber regulation, and you may need to take action in order to stay afloat

The tides are changing for cyber regulation, and you may need to take action in order to stay afloat

Read More
Apr 5, 2017
Featured Insight

Consultation on the Option of Discontinuing Embedded Commissions

Consultation on the Option of Discontinuing Embedded Commissions

Read More
Jan 31, 2017
Featured Insight

CSA Release MFDA Oversight Review Report

CSA Release MFDA Oversight Review Report

Read More
Dec 17, 2016
Featured Insight

Introducing Liquid Alternatives: Game changer for Canadian hedge funds

Introducing Liquid Alternatives: Game changer for Canadian hedge funds

Read More
Nov 9, 2016
Featured Insight

OSC Proposes New Rule Regarding Distributions Outside of Canada

OSC Proposes New Rule Regarding Distributions Outside of Canada

Read More
Aug 30, 2016
Featured Insight

CSA Propose Reforms to the Client-Registrant Relationship Model and a Regulatory Best Interest Standard

CSA Propose Reforms to the Client-Registrant Relationship Model and a Regulatory Best Interest Standard

Read More
Jun 14, 2016
Featured Insight

CSA Proposes Amended Risk Disclosure for Mutual Funds and ETFs

On December 10, 2015, the Canadian Securities Administrators published proposed amendments to risk disclosure requirements for mutual funds and exchange-traded mutual funds.

Read More
Dec 21, 2015
Featured Insight

Shrink-wrapped: Why foreign issuers may still require a Canadian wrapper

Shrink-wrapped: Why foreign issuers may still require a Canadian wrapper

Read More
Sep 17, 2015
Featured Insight

2 Become 1: CSA Proposes Creation of Single Exempt Distribution Reporting Regime

2 Become 1: CSA Proposes Creation of Single Exempt Distribution Reporting Regime

Read More
Aug 20, 2015
Featured Insight

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

Read More
Jun 29, 2015
Featured Insight

CSA Adopts Amendments to Accredited Investor and Minimum Amount Investment Prospectus Exemptions Managed Accounts are now Accredited Investors for Investment Funds in Ontario

CSA Adopts Amendments to Accredited Investor and Minimum Amount Investment Prospectus Exemptions
Managed Accounts are now Accredited Investors for Investment Funds in Ontario

Read More
Feb 24, 2015
Featured Insight

TSX Proposes New Listing Requirements for Exchange Traded Products, Closed-End Funds and Structured Products

TSX Proposes New Listing Requirements for Exchange Traded Products, Closed-End Funds and Structured Products

Read More
Jan 23, 2015