TransactionsCassels Brock Acts for Grayd Resource Corporation in the Sale of All Its Outstanding Shares to Agnico-Eagle Mines LimitedPublished: 12/02/2011 By Suhuyini Abudulai, David Budd, Jennifer Hansen, Christopher B. Norton, Jeffrey P. Roy, Jennifer Traub On November 18, 2011, Agnico-Eagle Mines Limited ("Agnico-Eagle") and Grayd Resource Corporation ("Grayd") jointly announced that 91,228,900 common shares of Grayd (the "Grayd Shares") representing approximately 94.77% of the outstanding Grayd Shares were validly deposited pursuant to the offer (the "offer") of Agnico-Eagle to acquire all of the issued and outstanding Grayd Shares. Agnico-Eagle took up and paid for all deposited Grayd Shares on November 23, 2011. On November 22, 2011, Agnico-Eagle announced it has exercised its right to complete a compulsory acquisition of all of the outstanding Grayd Shares it did not acquire under the Offer. The compulsory acquisition is expected to be completed on January 23, 2012. Upon completion of the compulsory acquisition, Agnico-Eagle will delist the Grayd Shares and have Grayd cease to be reporting issuer. Cassels Brock acted for Grayd Resource Corporation with a team that included Jennifer Traub (Securities & Mining), Jeff Roy (Securities & Mining), Jennifer Hansen (Securities), David Budd (Financial Services), Suhuyini Abudulai (Financial Services), Christopher B. Norton (Corporate Tax) and Ryan Goodman (Corporate Tax). |