TransactionsCassels Brock Represents New Gold Inc. in Its Proposed Acquisition of Geo Minerals Ltd. and the Expansion of Its Land Position Around Its Blackwater ProjectPublished: 10/18/2011 By Andre Boivin, Paul Carenza, Cameron Mingay, Jonathan Tkatch On October 17, 2011, New Gold Inc. ("New Gold") announced that it has entered into a definitive agreement with Geo Minerals Ltd. ("Geo"), whereby New Gold will acquire, through a plan of arrangement (the "Arrangement"), all of the outstanding common shares of Geo for cash. By acquiring Geo, New Gold will add 1,470 hectares of land ("West Blackwater properties") immediately to the northwest of New Gold's Blackwater Project. The net cash payment by New Gold for the Geo shares is approximately C$17 million. Also, as part of the Arrangement, the remainder of Geo's assets other than cash will be transferred to a new Spinco company in which New Gold will hold a 9.9% interest upon closing. Cassels Brock acted for New Gold with a team that included Cam Mingay (Securities, Mining & M&A), André Boivin (Securities, Mining & M&A), Jonathan Tkatch (Securities) and Paul Carenza (Corporate Tax). |