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Integra Gold and Eldorado Gold Complete $590 Million Plan of Arrangement

Published: 07/10/2017

Team: David Redford, Jeffrey P. Roy, Jennifer L. Poirier, Samantha Prest, Lara Jackson, Matthew Nied, Chris Hersh

On July 10, 2017, Integra Gold Corp. and Eldorado Gold Corporation completed a plan of arrangement pursuant to which Eldorado acquired all of the Integra shares that it did not already own. Pursuant to the plan of arrangement, Integra shareholders will collectively receive approximately $129 million cash and 77 million shares of Eldorado, (representing approximately 10% of the total issued shares of Eldorado, post-completion of the arrangement).  Integra will continue as a wholly-owned subsidiary of Eldorado and Integra shares will be delisted from the TSXV.

The arrangement was approved by the shareholders of Integra at its special meeting on July 4, 2017 and received approval from the Supreme Court of British Columbia on July 7, 2017.

Cassels Brock acted for Integra with a deal team that included David Redford, Jeffrey Roy, Jen Poirier and Samantha Prest (Securities and Mining), Lara Jackson and Matt Nied (Litigation) and Chris Hersh (Competition).