Calvista Gold Corporation Announces Combination With Cassels Brock Client, AUX Acquisition

Published: 10/26/2012

By Joan Beck, Eva Bellissimo, Mark T. Bennett, Afzal Hasan, Philip Long, Ken Snider, Janice Vohrah

On October 19, 2012, Calvista Gold Corporation (“Calvista Gold”) and AUX Acquisitions 3 S.A.R.L. together with 2346408 Ontario Inc. (collectively, “AUX”) entered into an arrangement agreement, pursuant to which AUX will acquire Common Shares of Calvista Gold at a price of $1.10 per common share.

The Arrangement is subject to approval by the shareholders and in-the-money warrantholders of Calvista Gold. It is anticipated that the Arrangement will close on or before December 31, 2012.

Cassels Brock acted as counsel to AUX with a team that included Mark Bennett, Eva Bellissimo, Joan Beck and Philip Long (Securities & Mining), Afzal Hasan (Securities), Ken Snider and Janice Vohrah (Corporate Tax).