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Ravipal (Ravi) Bains is a trusted advisor in the areas of mergers and acquisitions, corporate governance and corporate finance. Ravi acts for issuers and private equity funds in a variety of sectors, including mining, forestry, and technology. He has advised parties on both sides of negotiations, including shareholders, boards of directors and special committees. In 2019, the M&A Advisor recognized Ravi as one of the “Emerging Leaders” (formerly, the 40 Under 40).

A frequent author, Ravi’s commentary has been featured in national and international publications, including the Harvard Law School Forum on Corporate Governance, The Globe and Mail, Lexpert, Private Equity International, Business in Vancouver, and The Vancouver Sun. He speaks extensively on a wide range of legal and policy issues and has been invited to present his research at the University of California Davis, European Banking Institute, and University of British Columbia.

Ravi is a member of the Canada Climate Law Initiative’s group of experts on climate governance and has a keen interest in the current trends in environmental, social, and corporate governance (ESG). He is also involved with a number of business organizations, including the Business Council of British Columbia, Greater Vancouver Board of Trade, and the Association for Corporate Growth.

Prior to joining McMillan, Ravi was a legal advisor at the United Nations International Criminal Tribunal for the former Yugoslavia. Born and raised in rural Punjab, he also clerked at the High Court of Punjab and Haryana and worked at one of India’s premier business law firms.



Representative Matters

Mergers and Acquisitions

  • West Fraser Timber Co. Ltd. in its $4 billion acquisition of Norbord Inc. by way of a plan of arrangement (2020)
  • Auryn Resources Inc. in its $350mn three-way reorganization including spinout of Peruvian assets and concurrent acquisition of Eastmain Resources Inc. for $121 million by way of plan of arrangement (2020)
  • Great Canadian Gaming Corp. in its $500 million substantial issuer bid for common shares (2020)
  • Aurora Cannabis Inc. in its $3.2 billion acquisition of MedReleaf Corp. by way of a plan of arrangement (2018)
  • Waterous Energy Fund in its $85 million going private transaction of Cona Resources Ltd. by way of a plan of arrangement (2018)
  • Asanko Gold Inc. in its US$185m joint venture with Gold Fields Limited for a 50% joint venture interest in Asanko’s 90% interest in the Asanko Gold Mine in Ghana, West Africa
  • Waterous Energy Fund in its C$244 million. acquisition of approximately 67% of common shares of Cona Resources Ltd. from affiliates of Riverstone Holdings, LLC  and NGP Energy Capital Management, LLC (2017)
  • Amarc Resources Inc. in $60 million earn-in and joint venture mineral property transactions involving Hudbay Minerals Inc. (2017)
  • Tahoe Resources Inc. in its purchase of certain mining claims from Constantine Metal Resources Ltd. (2017)
  • Tahoe Resources Inc. in its purchase of certain mining claims from Hecla Mining Inc. (2017)
  • Teck Resources Limited in its $23.2 million acquisition of AQM Copper Inc. by way of a plan of arrangement (2017)
  • Tahoe Resources Inc. in its $1.06 billion acquisition of Lake Shore Gold Corp. by way of a plan of arrangement (2016)

Special Situations and Contested Transactions

  • Aurora Cannabis Inc. in its $1.1 billion successful unsolicited takeover bid for CanniMed Therapeutics Inc. (2017)
  • Stirling Global Value Fund Inc., a significant shareholder of Canexus Corporation, in a three-way contested transaction in the course of Canexus Corporation’s acquisition by Chemtrade Logistics Income Fund. in a $900 million transaction (2016)
  • Dissident shareholder group in its successful proxy contest against the management of Khan Resources Inc. (2017)
  • Dissident shareholder group in its proxy contest against the management of Ximen Mining Corp. (2017)
  • Taseko Mines Limited it its successful defence in a litigious proxy contest initiated by a dissident shareholder group (2016)

Corporate Finance

  • Teck Resources Limited in its US$550 million offering of ten-year notes and cash tender offers for its US$539 million of outstanding notes (2020)
  • Great Canadian Gaming Corporation in its $180 million offering of exchange listed senior unsecured debentures (2020)
  • Aurora Cannabis Inc. in its US$750 million mixed shelf offering of equity, debt and convertible securities (2019)
  • Taseko Mines Limited in its public offering of US$250 million of senior notes (2017)
  • Aurora Cannabis Inc. in its $75 bought deal financing by way of a private placement (2017)
  • Auryn Resources Ltd in its $45 million flow-through financing and strategic investment by Goldcorp Inc. (2017)
  • Merus Labs International Inc. in its $27 million private placement of subscription receipts and related qualifying prospectus (2016)

ESG and Corporate Governance

  • Board of Directors of a TSX listed issuer in improving their environmental, social and governance disclosure, including addressing questions and comments raised by proxy advisory firms such as ISS and Glass Lewis (Ongoing)
  • Board of Directors of TSX and NYSE listed issuers in respect of governance standards, including public disclosure, internal controls, and executive compensation related issues (Ongoing)
  • Board of Directors of TSX and NYSE listed issuers in respect of annual proxy materials, CEO/CFO certifications, and shareholder meetings (Ongoing)
  • TSX and NYSE listed issuers in managing shareholder relations and disputes, including compliance with proxy voting guidelines of ISS, Glass Lewis and major institutional investors and developing internal frameworks and policies to address these governance requirements (Ongoing)
  • Governance committee of a TSX listed issuer in regards to comprehensive updates to codes of ethics, whistleblowing policy, diversity policy and conflicts of Interest (2019)


News


Media Mentions

Rankings & Recognition


Directorships & Affiliations

  • Law Society of British Columbia
  • Business Council of British Columbia
  • MOSAIC, British Columbia

Education & Admissions

2016
Called to the British Columbia Bar
2015
JD University of Ottawa
2012
BA, LLB (Honours) Panjab University

Publications

Insights by Ravipal S. Bains (3 Posts)

CSA Publish Final Proxy Voting Protocols

Feb 1, 2017

CSA Publish Final Proxy Voting Protocols

Video Games as Canadian Culture: Navigating the Investment Canada Act in Interactive Entertainment Acquisitions

May 31, 2016

Video Games as Canadian Culture: Navigating the Investment Canada Act in Interactive Entertainment Acquisitions

2015 Securities Year in Review

Mar 22, 2016

2015 Securities Year in Review