Cassels Brock Represents Elgin Mining Inc. in Its Merger with Gold-Ore Resources Ltd.

Published: 05/02/2012

By Jay F. King, Philip Long, Cameron A. Mingay, Michael Platt, Andrew M. Reback

On May 1, 2012, Elgin Mining Inc. (“Elgin Mining”) and Gold-Ore Resources Ltd. (“Gold-Ore”) completed a business combination whereby Elgin Mining acquired all of the issued and outstanding common shares of Gold-Ore by way of plan of arrangement (the "Arrangement"). The Arrangement has resulted in a well-funded, growth-oriented gold producer which owns the producing Bjorkdal gold mine in Sweden and the Lupin and Ulu gold development projects in Nunavut, Canada. Under the terms of the Arrangement, for every Gold-Ore common share held, Gold-Ore shareholders received one Elgin Mining common share and one half of one common share purchase warrant of Elgin Mining exercisable at a strike price of $1.30 per Elgin Mining share until May 1, 2014.

Cassels Brock represented Elgin with a team that included Cameron Mingay (Securities, Mining and M&A), Jay F. King (Securities, Mining and M&A), Philip Long (Securities), Andrew Reback (Corporate Tax) and Michael Platt (Corporate Tax).