Deals

• Sep 28, 2026

  Sangoma Technologies Corporation

  Financial advisor to Sangoma; fairness opinion to the special committee and board · Technology

  Buyer BRC Group Holdings, Inc.

  Sangoma agreed to be acquired by an affiliate of BRC Group Holdings by plan of arrangement for US$4.925 cash plus 0.04767 of a BRC share per share, an enterprise value of about US$204 million (C$289 million), after a special committee strategic review.

  US$204M1 source

• Sep 28, 2026

  Apotex Health Corp. C$1.25 billion inaugural senior unsecured notes

  Co-manager · Healthcare / Pharmaceuticals

  Apotex priced its first bond deal, C$1.25 billion of senior unsecured notes in three series due 2029, 2031 and 2033, to refinance existing debt.

  C$1.25B2 sources

• Sep 22, 2026

  Topaz Energy Corp. (bought deal secondary offering of common shares)

  Underwriter · Oil & Gas / Royalties and Infrastructure

  Seller Tourmaline Oil Corp.

  Tourmaline agreed to sell 10 million Topaz common shares at C$28.75 to underwriters on a bought deal basis for about C$287.5 million, cutting its stake from about 12.9% to 6.4%, and said it would redeploy proceeds into share repurchases.

  C$288M2 sources

• Sep 21, 2026

  Vista Gold Corp.

  Independent fairness opinion to the Vista Gold board · Mining

  Buyer Artemis Gold Inc.

  Artemis Gold agreed to acquire Vista Gold, owner of the Mt Todd gold project in Australia, by plan of arrangement in a transaction valued at about US$427 million.

  US$427M1 source

• Sep 17, 2026

  El Barqueño property (Mexico)

  Financial advisor to Luca · Mining

  Buyer Luca Mining Corp. · Seller Agnico Eagle Mines Limited

  Luca Mining agreed to acquire Agnico Eagle's El Barqueño property for a $10 million share payment on closing plus up to $30 million of milestone-linked deferred consideration.

  Undisclosed1 source

• Sep 16, 2026

  E3 Lithium Ltd. (best efforts public offering of units)

  Co-lead agent · Mining / Lithium

  E3 Lithium launched a C$8.5 million best efforts public offering of units at C$0.90 off its shelf, upsized it to C$10 million the next day, and closed at about C$11.5 million including the over-allotment option, to advance its Clearwater lithium project in Alberta.

  C$11.5M3 sources

• Sep 15, 2026

  Revolve Renewable Power Corp.

  Financial advisor to the special committee; verbal fairness opinion · Renewable Power

  Buyer Whitfield Power Solutions, LLC

  Whitfield Power Solutions agreed to acquire Revolve Renewable Power by plan of arrangement, with shareholders able to elect shares in the combined private company or $0.23 cash per share.

  Undisclosed1 source

• Sep 14, 2026

  Fredonia Mining Inc. (bought deal LIFE private placement)

  Lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters · Mining / Gold Exploration

  Fredonia Mining agreed a bought deal private placement of common shares at C$0.65 under the listed issuer financing exemption for about C$10 million (with an option for up to C$1.5 million more) to advance its El Dorado Monserrat project in Argentina.

  C$10M1 source

• Sep 14, 2026

  Alaris Equity Partners Income Trust (bought deal offering of trust units)

  Syndicate member (underwriter) · Financial Services / Private Capital

  Alaris announced a C$100 million bought deal of trust units at C$22.40 alongside a US$95 million investment in new partner Nexus; with the over-allotment option exercised in full the offering closed at about C$115 million, with proceeds used to repay credit facility debt.

  C$115M2 sources

• Sep 9, 2026

  Rogers Communications Inc. US$1 billion and C$600 million fixed-to-fixed rate subordinated notes due 2057

  Co-manager (US notes and Canadian private placement) · Telecommunications

  Rogers priced US$1 billion of hybrid subordinated notes in two series (7.150% and 7.400%, due 2057) in the US and a concurrent C$600 million 6.000% Canadian private placement, using proceeds to redeem or repurchase its 2081 and 2082 subordinated notes.

  Undisclosed4 sources

• Sep 9, 2026

  Kharrouba Copper Company

  Financial advisor to Culico · Mining

  Buyer Culico Metals Inc.

  Culico Metals and Kharrouba Copper agreed to merge to create a Moroccan copper explorer, with a concurrent strategic private placement.

  Undisclosed1 source

• Aug 26, 2026

  Quarterhill Inc.

  Co-lead underwriter and joint bookrunner · Technology

  Quarterhill announced a $35 million bought deal private placement of common shares at $2.48, upsized the next day to $45 million (18,145,300 shares) plus a 15% underwriters' option, for general corporate purposes and growth initiatives including acquisitions.

  C$45M3 sources

• Jun 2, 2026

  Highwood Wilson Creek assets

  Financial advisor to the special committee · Oil & Gas

  Buyer Obsidian Energy Ltd. · Seller Highwood Asset Management Ltd.

  Highwood agreed to sell its Wilson Creek assets to Obsidian Energy for $105 million in cash plus contingent payments, up to $112 million.

  C$112M1 source

• Apr 2026

  Secure Waste Infrastructure Corp.

  Financial advisor to the Special Committee of the target · Environmental services / energy infrastructure

  Buyer GFL Environmental

  Sale of Secure Waste Infrastructure to GFL Environmental, listed at C$6.4 billion on ATB Cormark's tombstone (April 2026).

  C$6.4B1 source

• Mar 2026

  Lithium Royalty Corp.

  Financial advisor to Lithium Royalty Corp. · Metals & Mining

  M&A advisory mandate for Lithium Royalty Corp., shown at C$521 million on the tombstone; the counterparty is not named on the tombstone.

  C$521M1 source

• Mar 2026

  AGT Food and Ingredients Inc.

  Co-Manager · Food & Agriculture

  Initial public offering of common shares by AGT Food and Ingredients, C$449.5 million.

  C$450M1 source

• Dec 2025

  Northern Superior Resources Inc.

  Lead financial advisor to the target · Metals & Mining

  Buyer Iamgold Corp.

  Sale of Northern Superior Resources to Iamgold, shown at C$375 million on the firm's tombstone (December 2025).

  C$375M1 source

• Dec 2025

  Premium Brands Holdings Corporation

  Underwriter (subscription receipts syndicate) (as Cormark Securities Inc.) · Food Products

  Premium Brands completed $600 million of public subscription receipt and convertible debenture offerings plus a concurrent private placement; the original launch date is not given in the cited release.

  C$600M1 source

• Nov 26, 2025

  Thunderbird Entertainment Group Inc.

  Financial advisor to Blue Ant (as Cormark Securities Inc.) · Media & Entertainment

  Buyer Blue Ant Media

  Blue Ant Media agreed to acquire Thunderbird for $1.77 per share in shares, cash or a mix, a total equity value of $89 million.

  C$89M1 source

• Nov 13, 2025

  Crescent Silver, LLC

  Financial advisor to Americas (as Cormark Securities Inc.) · Mining (Silver)

  Buyer Americas Gold and Silver Corporation

  Americas Gold and Silver acquired the Crescent Silver mine in Idaho for US$20 million cash plus about 11.1 million shares; the deal was first announced on November 13, 2025.

  Undisclosed1 source

• Oct 28, 2025

  Kiwetinohk Energy Corp.

  Joint bookrunner and co-lead arranger, debt financing · Oil & Gas

  Buyer Cygnet Energy Ltd.

  Private E&P Cygnet, backed by NGP, ARC Financial and Carlyle, agreed to acquire Kiwetinohk for $24.75 per share in cash (enterprise value about $1.4 billion) after a strategy review.

  C$1.4B2 sources

• Oct 17, 2025

  STEP Energy Services Ltd.

  Co-financial advisor to ARC · Oilfield Services

  Buyer ARC Energy Fund 8

  ARC Energy Fund 8 reached a definitive arrangement agreement to take STEP private, following a going-private proposal first announced on September 25, 2025.

  Undisclosed1 source

• Oct 8, 2025

  Rockpoint Gas Storage Inc.

  Underwriter (syndicate member) · Energy Infrastructure (Gas Storage)

  Rockpoint priced an upsized IPO of 32 million Class A shares at C$22.00 for gross proceeds of about C$704 million (date is the pricing announcement).

  C$704M1 source

• Oct 2025

  Allied Gold Corporation

  Underwriter (as Cormark Securities Inc.) · Mining (Gold)

  Overnight marketed offering of common shares for C$175 million, closed October 24, 2025.

  C$175M1 source

• Aug 2025

  Boat Rocker Media

  Financial advisor to Blue Ant Media · Media

  Buyer Blue Ant Media Corp.

  Blue Ant Media went public through a reverse takeover of Boat Rocker Media, shown at C$446 million on the tombstone.

  C$446M1 source

• May 14, 2025

  Strathcona Resources' Groundbirch Montney asset

  Financial advisor on the Groundbirch sale · Energy - Oil & Gas E&P

  Buyer Tourmaline Oil Corp. · Seller Strathcona Resources Ltd.

  Strathcona agreed to sell its Groundbirch asset to Tourmaline for $291.5 million in Tourmaline common shares.

  C$292M1 source

• May 7, 2025

  Onyx Gold Corp.

  Co-lead underwriter, bought deal (as Cormark Securities Inc.) · Mining - Gold

  Onyx Gold agreed to a $5 million bought-deal flow-through private placement alongside a $3 million strategic investment.

  C$5M1 source

• Mar 20, 2025

  Heliostar Metals Ltd.

  Co-lead underwriter, bought deal (as Cormark Securities Inc.) · Mining - Gold

  Heliostar upsized its bought-deal equity financing to $17 million.

  C$17M1 source

• Feb 19, 2025

  Obsidian Energy's operated Pembina Cardium assets

  Financial advisor to InPlay · Energy - Oil & Gas E&P

  Buyer InPlay Oil Corp. · Seller Obsidian Energy Ltd.

  Obsidian agreed to sell its operated Pembina Cardium assets to InPlay for $320 million in cash, InPlay shares and a unit interest (about $309 million before adjustments per InPlay), funded partly by a bought-deal subscription receipt offering and new credit facilities.

  C$320M2 sources

• Nov 14, 2024

  Paramount Resources Ltd. (Karr and Wapiti Montney assets)

  Strategic advisor to Paramount · Oil & Gas (E&P)

  Buyer Ovintiv Inc. · Seller Paramount Resources Ltd.

  Paramount Resources agreed to sell its Karr and Wapiti Montney assets in Alberta to Ovintiv for about C$3.325 billion in cash (US$2.377 billion).

  C$3.33B2 sources

• Oct 25, 2024

  Whitecap Resources Inc.

  Agent · Oil & Gas (E&P)

  Whitecap priced an inaugural C$400 million offering of 4.382% investment-grade senior unsecured notes due 2029.

  C$400M1 source

• Oct 9, 2024

  Galena Complex (remaining 40% interest)

  Financial advisor to Sprott (as Cormark Securities Inc.) · Mining (silver)

  Buyer Americas Gold and Silver Corporation · Seller Affiliate of Eric Sprott

  Americas Gold and Silver agreed to acquire the remaining interest in the Galena Complex in Idaho from an Eric Sprott affiliate for 170 million shares plus US$10 million cash, with a concurrent C$40 million bought deal subscription receipt financing.

  Undisclosed1 source

• Oct 4, 2024

  SilverCrest Metals Inc.

  Financial advisor to SilverCrest; fairness opinion to the board (as Cormark Securities Inc.) · Mining (silver)

  Buyer Coeur Mining, Inc.

  Coeur Mining agreed to acquire SilverCrest, owner of the Las Chispas silver-gold mine in Mexico, at an exchange ratio of 1.6022 Coeur shares per SilverCrest share, implying equity value of about US$1.7 billion.

  US$1.7B1 source

• Sep 12, 2024

  Melcor Real Estate Investment Trust

  Strategic advisor to the Melcor independent committee · Real Estate (REIT)

  Buyer Melcor Developments Ltd.

  Melcor Developments agreed to acquire the units of Melcor REIT it did not already own (about 45%) for C$4.95 per unit in cash via plan of arrangement; the deal was later amended in November 2024.

  Undisclosed1 source

• Aug 12, 2024

  Crew Energy Inc.

  Financial advisor to the special committee; fairness opinion · Oil & Gas (E&P)

  Buyer Tourmaline Oil Corp.

  Tourmaline agreed to acquire Montney producer Crew Energy in an all-share plan of arrangement valued at about C$1.3 billion including debt.

  C$1.3B1 source

• Jul 31, 2024

  Jushi Holdings Inc.

  Financial advisor for the refinancing · Cannabis

  Jushi refinanced its roughly US$53 million first-lien credit facility with a new US$48.5 million term loan, pushing debt maturities to 2026 and beyond.

  US$48.5M1 source

• Jul 29, 2024

  Florida Canyon Gold Inc.

  Financial advisor to Florida Canyon Gold; fairness opinion to FCGI board (as Cormark Securities Inc.) · Mining (gold)

  Buyer Integra Resources Corp.

  Integra Resources agreed to acquire Florida Canyon Gold via plan of arrangement to create a Great Basin gold and silver producer, alongside a C$20 million bought deal subscription receipt financing.

  Undisclosed1 source

• Jun 5, 2024

  ADENTRA Inc.

  Co-bookrunner (as Cormark Securities Inc.) · Building Products Distribution

  ADENTRA agreed a bought deal of 2,246,000 shares at $38.75 for about $87 million.

  C$87M1 source

• May 30, 2024

  RIV Capital Inc.

  Financial advisor to Cansortium · Cannabis

  Buyer Cansortium Inc.

  Cansortium agreed to acquire RIV Capital, operator of the Etain brand in New York, in an all-share plan of arrangement at 1.245 Cansortium shares per RIV share, leaving Cansortium holders with about 51.25% of the combined company.

  Undisclosed1 source

• May 14, 2024

  CES Energy Solutions Corp.

  Co-lead manager · Oilfield Services

  CES agreed to sell $200 million of 6.875% senior unsecured notes due 2029 by private placement.

  C$200M1 source

• May 8, 2024

  Tantalus Systems Holding Inc.

  Co-lead underwriter (as Cormark Securities Inc.) · Utility Technology

  Tantalus agreed a $10 million bought deal private placement of 6,250,000 shares.

  C$10M1 source

• Apr 26, 2024

  Adventus Mining Corporation

  Financial advisor to Adventus; fairness opinion to the board (as Cormark Securities Inc.) · Mining (Base metals)

  Buyer Silvercorp Metals Inc.

  Silvercorp agreed to acquire Adventus and its El Domo project in Ecuador by plan of arrangement at 0.1015 Silvercorp shares per Adventus share (about C$0.50), alongside a C$25.6 million share placement into Adventus.

  Undisclosed1 source

• Apr 25, 2024

  Kraken Robotics Inc.

  Lead underwriter (as Cormark Securities Inc.) · Marine Technology

  Kraken agreed a $17.5 million bought deal of 18,422,000 shares at $0.95.

  C$17.5M1 source

• Apr 22, 2024

  Reunion Gold Corporation

  Fairness opinion to the GMIN board and special committee (as Cormark Securities Inc.) · Mining (Gold)

  Buyer G Mining Ventures Corp.

  G Mining and Reunion Gold agreed to combine by plan of arrangement, with GMIN acquiring the Oko West project in Guyana; the deal implied about $0.65 per Reunion share and an equity value of about $875 million, plus a SpinCo of Reunion's other assets.

  C$875M1 source

• Apr 7, 2024

  Karora Resources Inc.

  Co-advisor to Karora; fairness opinions to the board and special committee (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Westgold Resources Limited

  ASX-listed Westgold agreed to acquire Karora by plan of arrangement for Westgold shares, cash and SpinCo shares (about A$6.60 per Karora share), leaving Karora holders with roughly 49.9% of the enlarged company.

  Undisclosed1 source

• Apr 3, 2024

  Snowline Gold Corp.

  Co-lead underwriter (as Cormark Securities Inc.) · Mining (Gold exploration)

  Snowline agreed a C$25.0 million bought deal private placement of flow-through shares.

  C$25M1 source

• Mar 20, 2024

  American Future Fuel Corporation

  Financial advisor to American Future Fuel (as Cormark Securities Inc.) · Mining (Uranium)

  Buyer Premier American Uranium Inc.

  Premier American Uranium agreed to acquire American Future Fuel at 0.170 PUR shares per AMPS share by plan of arrangement, creating a combined company with an implied equity value of about C$129 million.

  Undisclosed1 source

• Jan 23, 2024

  kneat.com, inc.

  Lead underwriter (as Cormark Securities Inc.) · Software

  Kneat agreed a $15.0 million bought deal of 4,615,600 shares at $3.25.

  C$15M1 source

• Jan 22, 2024

  Devcore Group multi-family portfolio (16 properties, 991 units)

  Financial advisor to Devcore (as Cormark Securities Inc.) · Real Estate (Multi-family)

  Buyer NexLiving Communities Inc. · Seller Devcore Group Inc.

  NexLiving agreed to acquire a 991-unit eastern Ontario and Quebec apartment portfolio (appraised at $224 million) from Devcore for shares and assumed mortgages, doubling its portfolio.

  Undisclosed1 source

• Jan 17, 2024

  Dye & Durham Limited

  Underwriter (syndicate member) (as Cormark Securities Inc.) · Legal Technology

  Dye & Durham agreed a bought deal of 10.4 million shares at C$12.10 (about $126 million); with the over-allotment exercised it closed at about $145 million.

  C$126M2 sources

• Nov 6, 2023

  Hammerhead Energy Inc.

  Strategic advisor to Hammerhead · Oil & Gas

  Buyer Crescent Point Energy Corp.

  Crescent Point agreed to acquire Alberta Montney producer Hammerhead Energy by plan of arrangement for total consideration of about $2.55 billion including debt.

  C$2.55B3 sources

• Feb 27, 2023

  Millennial Precious Metals Corp.

  Financial advisor to Integra (as Cormark Securities Inc.) · Mining

  Buyer Integra Resources Corp.

  Integra and Millennial agreed to an at-market merger, alongside a strategic investment from Wheaton Precious Metals and a bought deal subscription receipt financing.

  Undisclosed1 source

• Feb 13, 2023

  Sabina Gold & Silver Corp.

  Financial advisor to Sabina (as Cormark Securities Inc.) · Mining

  Buyer B2Gold Corp.

  B2Gold agreed to acquire Sabina, owner of the Back River gold project in Nunavut, in an all-share deal with a total equity value of about C$1.1 billion.

  C$1.1B1 source

• Dec 20, 2022

  Arena Minerals Inc.

  Financial advisor to Arena (as Cormark Securities) · Mining (Lithium)

  Buyer Lithium Americas Corp.

  Lithium Americas agreed to acquire the Arena Minerals shares it did not own, consolidating the Pastos Grandes basin, at a 100% transaction value of US$227 million.

  US$227M1 source

• Dec 20, 2022

  Nova Cannabis Inc.

  Financial advisor to SNDL · Cannabis

  Buyer SNDL Inc.

  SNDL and its majority-owned Nova Cannabis agreed a strategic partnership in which SNDL contributes retail assets and support to Nova, structured as a related-party transaction.

  Undisclosed1 source

• Sep 26, 2022

  Hammerhead Resources Inc.

  Strategic advisor to Hammerhead · Oil & Gas

  Buyer Decarbonization Plus Acquisition Corporation IV

  Montney producer Hammerhead agreed to go public through a business combination with SPAC Decarbonization Plus Acquisition Corporation IV.

  Undisclosed1 source

• Aug 22, 2022

  The Valens Company Inc.

  Financial advisor to SNDL · Cannabis

  Buyer SNDL Inc.

  SNDL agreed to acquire the Valens shares it did not own by plan of arrangement for total consideration of about $138 million.

  C$138M1 source

• Jul 6, 2022

  Crescent Point non-core assets

  Strategic advisor to Crescent Point · Oil & Gas

  Seller Crescent Point Energy Corp.

  Crescent Point disclosed non-core asset dispositions generating about $300 million of proceeds, which went to debt reduction.

  C$300M1 source

• Jul 5, 2022

  Alexco Resource Corp.

  Financial advisor to Alexco; fairness opinion (as Cormark Securities Inc.) · Mining (Silver)

  Buyer Hecla Mining Company

  Hecla agreed to acquire the Alexco shares it did not own for 0.116 of a Hecla share each, adding the Keno Hill silver district.

  Undisclosed1 source

• May 2, 2022

  Nomad Royalty Company Ltd.

  Independent fairness opinion to the special committee (as Cormark Securities) · Mining (Royalties & Streams)

  Buyer Sandstorm Gold Ltd.

  Sandstorm agreed to acquire Nomad by plan of arrangement at an implied equity value of about US$590 million.

  US$590M2 sources

• Mar 23, 2022

  Columbia Care Inc.

  Independent fairness opinion · Cannabis

  Buyer Cresco Labs Inc.

  Cresco Labs agreed to acquire Columbia Care by plan of arrangement in an all-share deal with a total enterprise value of about US$2 billion. The deal was later terminated.

  US$2B1 source

• Jan 31, 2022

  Goodness Growth Holdings, Inc.

  Independent fairness opinion to the transaction committee (as Cormark Securities Inc.) · Cannabis

  Buyer Verano Holdings Corp.

  Verano agreed to acquire multi-state cannabis operator Goodness Growth in an all-share deal valued at about US$413 million. Verano terminated the agreement later in 2022.

  US$413M1 source

• Nov 17, 2021

  Definity Financial Corporation

  Co-manager (as Cormark Securities Inc.) · Insurance (Property & Casualty)

  Definity priced its demutualization IPO of 63.6 million common shares at $22, together with cornerstone private placements, for about $2.1 billion in total.

  C$2.1B1 source

• Nov 2, 2021

  E Automotive Inc.

  Underwriter (syndicate member) · Technology (Automotive Marketplace)

  E Automotive priced its upsized TSX IPO of 5.9 million common shares at C$23.00 for gross proceeds of C$135.7 million.

  C$136M1 source

• Oct 7, 2021

  Alcanna Inc.

  Financial advisor to Sundial · Retail (Liquor & Cannabis)

  Buyer Sundial Growers Inc.

  Sundial agreed to acquire Alberta liquor retailer Alcanna by plan of arrangement for total consideration of about $346 million.

  C$346M1 source

• Sep 14, 2021

  exactEarth Ltd.

  Financial advisor to exactEarth (as Cormark Securities Inc.) · Technology (Satellite Data)

  Buyer Spire Global, Inc.

  Spire Global agreed to acquire satellite maritime-data company exactEarth for about US$161.2 million (C$204.2 million) in cash and stock.

  US$161M1 source

• Aug 5, 2021

  Nanotech Security Corp.

  Financial advisor to META (as Cormark Securities Inc.) · Technology (Security Features / Nanotech)

  Buyer Meta Materials Inc.

  Meta Materials agreed to acquire Nanotech for $1.25 per share in cash, about $90.8 million on a fully diluted basis.

  C$90.8M1 source

• Jun 22, 2021

  Astra Oil Corp.

  Strategic advisor to Surge · Oil & Gas (Exploration & Production)

  Buyer Surge Energy Inc.

  Surge agreed to acquire southeast Saskatchewan light oil producer Astra Oil by arrangement for about $160 million.

  C$160M1 source

• May 27, 2021

  Softchoice Corporation

  Underwriter (syndicate member) (as Cormark Securities Inc.) · Technology (IT Services)

  Softchoice priced its initial public offering of 17.5 million common shares at C$20.00 for gross proceeds of C$350 million.

  C$350M1 source

• May 17, 2021

  48North Cannabis Corp.

  Financial advisor to 48North (as Cormark Securities Inc.) · Cannabis

  Buyer HEXO Corp.

  HEXO agreed to acquire 48North in an all-share arrangement valued at about $50 million on an enterprise value basis.

  C$50M1 source

• Apr 21, 2021

  Thinkific Labs Inc.

  Underwriter (syndicate member) (as Cormark Securities Inc.) · Technology (Software)

  Thinkific priced its IPO of 12.31 million subordinate voting shares at $13.00 for gross proceeds of about $160 million.

  C$160M1 source

• Mar 5, 2021

  Clearwater and waterflood assets (Provost and Nipisi, Alberta)

  Strategic advisor on the asset acquisition · Oil & Gas (Exploration & Production)

  Buyer Tamarack Valley Energy Ltd.

  Tamarack agreed to asset and corporate acquisitions in the Clearwater play totalling about $135.3 million net of a royalty disposition, funded partly by a $55 million bought-deal equity financing.

  C$135M1 source

• Nov 16, 2020

  Teranga Gold Corporation

  Financial advisor to Teranga; fairness opinion to the Teranga special committee (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Endeavour Mining Corporation

  Endeavour Mining and Teranga Gold agreed to combine by plan of arrangement in an all-share transaction, creating a senior West African gold producer.

  Undisclosed1 source

• Oct 20, 2020

  Terrace Global Inc.

  Exclusive financial advisor to Flowr; fairness opinion to the Flowr board · Cannabis

  Buyer The Flowr Corporation

  Flowr agreed to acquire Terrace Global in an all-share deal valued at about $63 million based on Flowr's closing price.

  C$63M2 sources

• Sep 10, 2020

  First Majestic Silver Corp.

  Underwriter (bought deal) (as Cormark Securities Inc.) · Mining (Silver)

  First Majestic agreed a C$78 million bought deal of 5 million common shares at C$15.60, with Eric Sprott as the purchaser.

  C$78M1 source

• Jul 2020

  StorageVault Canada Inc.

  Underwriter (as Cormark Securities Inc.) · Real Estate / Self Storage

  StorageVault closed a $75 million bought deal offering of 5.75% senior unsecured hybrid debentures.

  C$75M1 source

• Jun 25, 2020

  Premium Brands Holdings Corporation

  Joint bookrunner (as Cormark Securities Inc.) · Food

  Premium Brands announced about $300 million of new capital: a $120 million bought deal of common shares, $150 million of convertible unsecured subordinated debentures and a $30 million private placement.

  C$300M1 source

• May 28, 2020

  O3 Mining Inc.

  Co-lead underwriter and joint bookrunner (as Cormark Securities Inc.) · Mining (Gold)

  O3 Mining agreed a C$30 million bought deal private placement of flow-through and hard units, later upsized to C$35 million.

  C$30M1 source

• May 5, 2020

  Americas Gold and Silver Corporation

  Co-lead underwriter (as Cormark Securities Inc.) · Mining (Silver)

  Americas Gold and Silver agreed a C$25 million bought deal public offering of common shares at C$2.80.

  C$25M1 source

• Apr 28, 2020

  Boyd Group Services Inc.

  Co-lead and joint bookrunner (as Cormark Securities Inc.) · Automotive Services

  Boyd Group agreed a bought deal of 1.1 million common shares at $183.00 for gross proceeds of about C$200 million.

  C$200M1 source

• Feb 27, 2020

  Midas Gold Corp.

  Syndicate agent (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Paulson & Co. Inc. (lead investor)

  Midas Gold entered funding agreements for US$35 million, led by convertible notes for Paulson & Co. plus a brokered offering of up to C$13.3 million.

  US$35M1 source

• Feb 10, 2020

  Great Canadian Gaming Corporation

  Syndicate underwriter (as Cormark Securities Inc.) · Gaming & Leisure

  Great Canadian announced a $180 million bought deal of 5.25% senior unsecured debentures due 2026 alongside a substantial issuer bid for up to $500 million of its shares.

  C$180M1 source

• Jan 20, 2020

  Granite Oil Corp.

  Co-financial advisor to Granite; fairness opinion (as Cormark Securities Inc.) · Oil & Gas

  Buyer International Petroleum Corporation

  International Petroleum Corporation agreed to acquire Granite Oil for $0.95 per share in cash, valuing Granite at about $79.7 million including net debt.

  C$79.7M1 source

• Dec 10, 2019

  Massawa Gold Project (90% interest)

  Financial advisor to the acquirer; co-lead underwriter and joint bookrunner of the C$140 million offering (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Teranga Gold Corporation · Seller Barrick Gold Corporation and CSTTAO

  Teranga agreed to acquire a 90% interest in the Massawa gold project from Barrick and its partner for US$380 million upfront plus contingent payments, alongside a C$140 million bought deal.

  US$380M1 source

• Dec 2, 2019

  Continental Gold Inc.

  Financial advisor to the special committee (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Zijin Mining Group Co., Ltd.

  Zijin agreed to acquire Continental Gold for C$5.50 per share in cash, about C$1.4 billion.

  C$1.4B1 source

• Sep 16, 2019

  Tryke Companies (certain assets)

  Financial advisor to the acquirer (as Cormark Securities Inc.) · Cannabis

  Buyer Cresco Labs Inc. · Seller Tryke Companies

  Cresco Labs agreed to acquire Tryke's operating and real estate assets for about US$282.5 million and announced a C$73.5 million underwritten unit offering.

  US$283M1 source

• May 14, 2019

  Corus Entertainment Inc. Class B shares (secondary offering)

  Underwriter (as AltaCorp Capital Inc.) · Media & Telecom

  Seller Shaw Communications Inc.

  Shaw sold its 80.6 million Corus Class B shares through a secondary offering for gross proceeds of about $548 million.

  C$548M2 sources

• Aug 13, 2018

  Lithium Americas Corp. (Cauchari-Olaroz project interest)

  Independent financial advisor to the special committee; fairness opinion (as Cormark Securities Inc.) · Mining

  Buyer Ganfeng Lithium Co., Ltd. · Seller SQM

  Ganfeng agreed to buy SQM's interest in the Cauchari-Olaroz lithium project while Lithium Americas raised its stake to 62.5% and received a US$100 million loan facility from Ganfeng.

  Undisclosed1 source

• Aug 2, 2018

  Northern Empire Resources Corp.

  Exclusive financial advisor to Northern Empire; fairness opinion to the board (as Cormark Securities Inc.) · Mining

  Buyer Coeur Mining, Inc.

  Coeur Mining agreed to acquire Northern Empire Resources, owner of the Sterling gold project in Nevada, in a deal valuing it at about C$117 million (US$90 million).

  C$117M1 source

• Jul 17, 2018

  LATAM Holdings Inc.

  Financial advisor to the Aphria board; fairness opinion (as Cormark Securities Inc.) · Cannabis

  Buyer Aphria Inc. · Seller Scythian Biosciences Corp.

  Aphria agreed to acquire Scythian's Latin American and Caribbean cannabis assets (LATAM Holdings) in a related-party deal of about $193 million.

  C$193M2 sources

• Jan 29, 2018

  Nuuvera Inc.

  Fairness opinion to the Aphria board (as Cormark Securities Inc.) · Cannabis

  Buyer Aphria Inc.

  Aphria agreed to acquire Nuuvera for $8.50 per share in cash and shares, a transaction valued at about $826 million.

  C$826M1 source

• Jan 24, 2018

  CanniMed Therapeutics Inc.

  Financial advisor to the special committee; fairness opinion (as Cormark Securities Inc.) · Cannabis

  Buyer Aurora Cannabis Inc.

  After a hostile bid, Aurora and CanniMed agreed on a friendly improved offer of about $43.00 per CanniMed share in Aurora shares and cash.

  Undisclosed2 sources

• Apr 23, 2015

  Sunward Resources Ltd.

  Financial advisor and fairness opinion to the Sunward special committee (as Cormark Securities Inc.) · Mining

  Buyer NovaCopper Inc.

  NovaCopper (later Trilogy Metals) agreed to acquire Sunward Resources, owner of the Titiribi gold-copper project in Colombia, by plan of arrangement.

  Undisclosed1 source

• Feb 17, 2015

  Newstrike Capital Inc.

  Fairness opinion to the Newstrike special committee (as Cormark Securities Inc.) · Mining

  Buyer Timmins Gold Corp.

  Timmins Gold agreed to combine with Newstrike Capital by share exchange, a total transaction value of about C$140 million.

  C$140M1 source

• Jul 24, 2014

  Contrans Group Inc.

  Financial advisor to Contrans; fairness opinion (as Cormark Securities Inc.) · Transportation & Logistics

  Buyer TransForce Inc.

  TransForce agreed to acquire trucking company Contrans by a board-supported take-over bid of $14.60 per share in cash, an equity value of about $495 million.

  C$495M1 source

• May 21, 2014

  Sulliden Gold Corporation Ltd.

  Financial advisor to Sulliden; fairness opinion to its board (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Rio Alto Mining Limited

  Rio Alto and Sulliden agreed to combine, with Rio Alto acquiring Sulliden in an all-share deal with an implied value of about C$300 million and a SpinCo holding Sulliden's East Sullivan property.

  C$300M2 sources

• Apr 21, 2014

  Sandstorm Metals & Energy Ltd.

  Financial advisor to Sandstorm Gold (as Cormark Securities Inc.) · Mining (Royalties & Streams)

  Buyer Sandstorm Gold Ltd.

  Sandstorm Gold agreed to acquire its affiliate Sandstorm Metals & Energy by plan of arrangement for about C$49 million in shares.

  C$49M1 source

• Dec 16, 2013

  Brigus Gold Corp.

  Financial advisor to Brigus (as Cormark Securities Inc.) · Mining (Gold)

  Buyer Primero Mining Corp.

  Primero agreed to acquire Brigus Gold by plan of arrangement at an implied value of about C$220 million, with Brigus' exploration assets spun out to shareholders.

  C$220M1 source

• May 8, 2013

  Sprott Resource Lending Corp.

  Financial advisor to the special committee (as Cormark Securities) · Financial Services

  Buyer Sprott Inc.

  Sprott Inc. agreed to acquire Sprott Resource Lending by plan of arrangement in a deal valuing its equity at about C$243 million.

  C$243M1 source

• Feb 22, 2011

  White Canyon Uranium Limited

  Financial advisor to Denison (as Cormark Securities Inc.) · Mining

  Buyer Denison Mines Corp.

  Denison agreed to make a takeover offer for ASX-listed White Canyon Uranium at A$0.24 per share, about C$56.6 million.

  C$56.6M1 source

• Oct 1, 2010

  Capital Gold Corporation

  Financial advisor to Capital Gold (as Cormark Securities Inc.) · Mining

  Buyer Gammon Gold Inc.

  Gammon Gold and Capital Gold signed a definitive merger agreement valuing Capital Gold at about US$288 million.

  US$288M1 source

• Apr 19, 2010

  Provident Energy upstream business

  Financial advisor to Midnight (as Cormark Securities Inc.) · Energy

  Buyer Midnight Oil Exploration Ltd. · Seller Provident Energy Trust

  Provident agreed to combine its upstream business with Midnight Oil Exploration in a $460 million transaction, separating its upstream and midstream businesses.

  C$460M1 source

• Apr 7, 2010

  Brett Resources Inc.

  Financial advisor to Osisko (as Cormark Securities Inc.) · Mining

  Buyer Osisko Mining Corporation

  Osisko launched a friendly take-over bid for Brett Resources valued at about $372 million.

  C$372M1 source

• Oct 14, 2009

  Aquiline Resources Inc.

  Fairness opinion to the board (as Cormark Securities Inc.) · Mining

  Buyer Pan American Silver Corp.

  Pan American Silver launched a friendly offer for Aquiline Resources valued at about $626 million.

  C$626M1 source

• Oct 2, 2008

  Dalradian Gold Limited

  Financial advisor to Tournigan (as Cormark Securities Inc.) · Metals & Mining

  Buyer C3 Resources Inc. · Seller Tournigan Energy Ltd.

  Tournigan agreed to sell its Northern Ireland subsidiary Dalradian Gold to C3 Resources for C$13 million.

  C$13M1 source

• May 3, 2007

  Bolnisi Gold NL and Palmarejo Silver and Gold Corporation

  Financial advisor to Bolnisi (as Cormark Securities Inc.) · Metals & Mining

  Buyer Coeur d'Alene Mines Corporation

  Coeur agreed to acquire Bolnisi and the shares of Palmarejo it did not own in a transaction valued at about US$1.1 billion.

  US$1.1B1 source

• Jul 24, 2006

  Ashton Mining of Canada Inc.

  Independent financial advisor; valuation and fairness opinion on the amalgamation (as Sprott Securities) · Mining & Metals

  Buyer Stornoway Diamond Corporation

  Stornoway bid for Ashton Mining (C$1.25 cash or one Stornoway share plus $0.01); Ashton's special committee initially called the offer inadequate, and a second-step amalgamation followed with a Sprott fairness opinion.

  Undisclosed3 sources

• Jul 24, 2006

  Esprit Energy Trust

  Financial advisor to Pengrowth (as Sprott Securities Inc.) · Oil & Gas

  Buyer Pengrowth Energy Trust

  Pengrowth and Esprit agreed to a strategic combination, adding about 18,350 boe/d of production to Pengrowth.

  Undisclosed1 source

• Feb 22, 2006

  Desert Sun Mining Corp.

  Financial advisor to Desert Sun; fairness opinion to the board (as Sprott Securities Inc.) · Mining & Metals

  Buyer Yamana Gold Inc.

  Yamana agreed to acquire Desert Sun Mining in a share exchange by plan of arrangement, adding the Jacobina mine in Brazil.

  Undisclosed2 sources

Based on publicly disclosed transactions captured by BSO; many deal values are not disclosed. Not a league table: coverage is not exhaustive and should not be read as a ranking.