Deals

• Oct 7, 2026

  Partners Value Split Corp.

  Co-lead underwriter · Financial Services

  Partners Value Split Corp. announced a $125 million bought deal public offering of Class AA Preferred Shares, Series 18. Currency not confirmed from the snippet (the previous Series 17 was denominated in US dollars).

  125M1 source

• Oct 6, 2026

  Canadian Utilities Limited and ATCO Ltd.

  Financial advisor and fairness opinion to the Canadian Utilities special committee · Power & Utilities

  Buyer Emera Inc.

  Emera agreed an all-stock merger with Canadian Utilities and its parent ATCO, valuing the Alberta companies' shares at about $14.3 billion and implying a combined enterprise value of roughly $72 billion. ATCO's housing, defence and ports businesses would be spun out into a separately listed company. Expected to close in the second half of 2027.

  C$14.3B1 source

• Sep 28, 2026

  Canadian Pacific Railway Company C$1.8 billion notes (guaranteed by CPKC)

  Joint lead agent and joint active bookrunner · Transportation

  CPKC's railway subsidiary offered C$1.8 billion of Canadian-dollar notes in four tranches maturing 2030 to 2056, mainly to refinance existing debt.

  C$1.8B2 sources

• Sep 28, 2026

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

  Joint bookrunner · 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

  Silver Tiger Metals Inc. (bought deal offering of units)

  Underwriter · Mining / Silver-Gold Development

  Silver Tiger Metals agreed a C$87 million bought deal of 87 million units at C$1.00 (about C$100 million with the over-allotment option) to fund development of its El Tigre silver-gold project in Sonora, Mexico, alongside an updated capital cost estimate.

  C$87M2 sources

• Sep 21, 2026

  Vista Gold Corp.

  Financial advisor to Artemis · 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 15, 2026

  Sagen MI Canada Inc.

  Co-lead agent · Insurance

  Mortgage insurer Sagen MI Canada issued $300 million of 4.947% unsecured debentures due 2033 by private placement, largely to refinance its 2.955% debentures due 2027.

  C$300M2 sources

• Sep 15, 2026

  Dream Summit Industrial LP

  Agent · Real Estate

  Dream Summit Industrial LP priced a C$300 million private placement of 4.432% Series J senior unsecured debentures due March 2030, to repay debt and fund acquisitions.

  C$300M1 source

• Sep 14, 2026

  Generation Mining Limited (bought deal public offering of common shares)

  Lead underwriter and sole bookrunner · Mining / Copper-Palladium Development

  As part of a C$340 million final funding package for its Marathon copper-palladium mine, Generation Mining sold 312.5 million shares at C$0.64 in a C$200 million bought deal public offering, alongside a C$40 million concurrent private placement to Canada Growth Fund. Endeavour Financial acted as project financing advisor.

  C$200M3 sources

• Sep 14, 2026

  Choice Properties REIT C$300 million Series Y senior unsecured debentures

  Co-lead agent · Real Estate

  Choice Properties agreed to issue C$300 million of 4.836% Series Y debentures due 2033 on a private placement agency basis to refinance its Series Q debentures maturing in November 2026.

  C$300M1 source

• Sep 10, 2026

  Cannara Biotech Inc. C$80 million amended and restated syndicated credit facility

  Administrative agent, syndication agent, sole bookrunner and co-lead arranger · Cannabis

  Cannara expanded its BMO-led credit facility to C$80 million of committed capacity with TD joining, raising the revolver to C$40 million and extending maturity to 2029.

  C$80M1 source

• Sep 9, 2026

  CGI Inc.

  Lead agent · Technology

  CGI priced a C$500 million private placement of senior unsecured notes in two C$250 million series (3.25-year and 4.75-year) to repay debt and for general corporate purposes.

  C$500M1 source

• 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); co-lead joint bookrunner (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

  Fortis Inc. US$1 billion fixed-to-fixed rate junior subordinated notes due 2057

  Underwriter (co-manager) · Utilities

  Fortis priced two US$500 million tranches of hybrid junior subordinated notes (6.625% and 6.875%, both due 2057) to repay maturing debt and for general corporate purposes.

  US$1B1 source

• Sep 8, 2026

  Fairstone Bank of Canada

  Co-manager · Financial Services

  Fairstone Bank closed a $500 million offering of 4.310% three-year senior unsecured deposit notes, upsized from a $400 million minimum after about $1.7 billion of orders.

  C$500M1 source

• Sep 8, 2026

  Headwater Exploration Inc.

  Financial advisor to the Headwater independent committee; fairness opinion · Oil & Gas

  Buyer Tamarack Valley Energy Ltd.

  Tamarack Valley and Headwater agreed to merge in an all-stock transaction valued at $10 billion, creating a Clearwater-focused oil producer and spinning out a new exploration company.

  C$10B1 source

• Aug 27, 2026

  Avanti Gold Corp.

  Underwriter (syndicate member) · Mining

  Avanti Gold announced a C$35 million bought deal private placement of units at C$0.50, upsized to C$45 million on August 31; it closed on September 23 at C$51.75 million (103.5 million units) including the full over-allotment option, funding drilling and a PEA at the Misisi gold project in the DRC.

  C$51.8M3 sources

• Aug 17, 2026

  Ausgold Limited

  Financial advisor to OceanaGold · Mining

  Buyer OceanaGold Corporation

  OceanaGold agreed to acquire ASX-listed Ausgold by Australian scheme of arrangement for 0.03365 OceanaGold shares per share, an implied equity value of about A$776 million.

  AUD 776M1 source

• Aug 11, 2026

  H&R Real Estate Investment Trust

  Financial advisor to CRAL · Real Estate

  Buyer GO Residential REIT-led consortium (incl. Blackstone Real Estate funds, Crestpoint, PSP Investments and CRAL)

  H&R REIT agreed to sell all of its assets to GO Residential REIT and a consortium of co-purchasers by plan of arrangement for $4.28 cash plus 0.5688 GO REIT units per unit, a transaction valued at about $6.7 billion.

  C$6.7B1 source

• Aug 10, 2026

  Moneris Solutions Corporation

  Financial advisor to Seller (BMO) · Payments

  Buyer Francisco Partners · Seller BMO and Royal Bank of Canada

  BMO and RBC agreed to sell their jointly owned payments processor Moneris to Francisco Partners for about C$2.0 billion cash, each holding 50%; closing expected by end of BMO's fiscal Q1 2027.

  C$2B1 source

• Aug 6, 2026

  Jamieson Wellness Inc.

  Financial advisor to Jamieson; fairness opinion · Consumer Health

  Buyer Kirin Holdings Company, Limited

  Kirin agreed to acquire Jamieson Wellness for C$45.75 per share in cash, a C$2.5 billion transaction following a sale process run by the special committee.

  C$2.5B1 source

• Jun 29, 2026

  Euroz Hartleys Group (Australian capital markets business)

  Acquirer (BMO Capital Markets acted as exclusive financial advisor to BMO) · Financial Services / Metals & Mining

  Buyer BMO Financial Group · Seller Euroz Hartleys Group Limited

  BMO agreed to buy Euroz Hartleys' mining-focused ECM and advisory business in Australia, adding about 40 staff to BMO Capital Markets; the wealth arm stays independent under a strategic alliance.

  Undisclosed1 source

• Jun 29, 2026

  Euroz Hartleys Group capital markets business

  Exclusive financial advisor to BMO · Financial Services / Investment Banking

  Buyer BMO Financial Group · Seller Euroz Hartleys Group Limited

  BMO agreed to acquire the Australia-based capital markets business of Euroz Hartleys to strengthen its global metals and mining franchise.

  Undisclosed1 source

• May 13, 2026

  Orla Mining Ltd.

  Financial advisor to Equinox; fairness opinion to the board · Mining

  Buyer Equinox Gold Corp.

  Equinox Gold and Orla Mining agreed to an at-market combination by plan of arrangement, creating a North American senior gold producer with an implied market capitalization of about $18.5 billion.

  Undisclosed1 source

• May 11, 2026

  BMO Transportation Finance and Vendor Finance

  Financial advisor to Seller (with BofA Securities) · Equipment Finance

  Buyer Stonepeak · Seller BMO Financial Group

  Stonepeak agreed to acquire BMO's transportation and vendor finance businesses, with closing targeted for Q4 2026.

  Undisclosed1 source

• May 11, 2026

  BMO Transportation Finance and Vendor Finance businesses

  Financial advisor to BMO · Banking / Specialty Finance

  Buyer Stonepeak · Seller BMO Financial Group

  BMO agreed to sell its Transportation Finance and Vendor Finance businesses, with about C$14.5 billion of loans and leases, to Stonepeak while keeping a 19.9% equity interest.

  Undisclosed1 source

• Apr 2026

  Lumina Metals Corp.

  Co-lead underwriter and joint bookrunner · Mining

  Lumina Metals closed an upsized TSX initial public offering and secondary offering at $12.50 per share for total gross proceeds of about $406 million.

  C$406M1 source

• Mar 10, 2026

  Dawn Foods, Inc.

  Exclusive financial advisor to Target (Dawn Foods) · Food & Bakery Ingredients

  Buyer Puratos Group

  Belgium-based Puratos agreed to acquire global bakery manufacturer and ingredients supplier Dawn Foods; closing expected by end of 2026.

  Undisclosed1 source

• Mar 10, 2026

  Frontera Energy Colombian E&P assets

  Fairness opinion to the Frontera board (fixed fee) · Oil & Gas

  Buyer Parex Resources Inc. · Seller Frontera Energy Corporation

  Frontera agreed to sell its upstream Colombian exploration and production business to Parex for up to US$525 million of equity consideration plus assumed obligations, a firm value of about US$750 million.

  US$750M1 source

• Feb 22, 2026

  Fruta del Norte life-of-mine silver stream

  Financial advisor to the special committee; fairness opinion · Mining Royalties

  Buyer LunR Royalties Corp. · Seller Lundin Gold Inc.

  LunR Royalties agreed (term sheet February 22, definitive agreements April 2) to acquire a life-of-mine silver stream on Lundin Gold's Fruta del Norte mine in exchange for consideration to Lundin Gold.

  Undisclosed1 source

• Feb 2, 2026

  Foran Mining Corporation

  Financial advisor to Eldorado · Mining

  Buyer Eldorado Gold Corporation

  Eldorado Gold agreed to combine with Foran Mining in a share transaction implying an equity value for Foran of about C$3.8 billion.

  C$3.8B1 source

• Jan 5, 2026

  Minto Apartment Real Estate Investment Trust

  Financial advisor to the special committee; fairness opinion · Real Estate

  Buyer Crestpoint Real Estate Investments LP and Minto Group

  Minto Apartment REIT agreed to a $2.3 billion going-private transaction with a new Crestpoint–Minto Group partnership at $18.00 per unit in cash.

  C$2.3B1 source

• Dec 15, 2025

  WSP Global Inc.

  Joint bookrunner · Engineering Services

  Bought-deal offering of common shares for gross proceeds of $732 million, announced alongside the TRC acquisition, with a concurrent private placement to La Caisse.

  C$732M1 source

• Dec 14, 2025

  Equinox Gold Brazil operations

  Financial advisor to Equinox Gold; fairness opinion · Mining (Gold)

  Buyer CMOC Group · Seller Equinox Gold Corp.

  Equinox Gold agreed to sell its Brazil operations to CMOC for total consideration of up to $1.015 billion ($900 million cash plus up to $115 million contingent).

  US$1.01B1 source

• Dec 8, 2025

  Gold Royalty Corp.

  Joint bookrunner · Mining (Royalties)

  US$70.0 million bought-deal financing announced December 8, 2025 and subsequently upsized.

  US$70M2 sources

• Dec 4, 2025

  TELUS Corporation

  Lead underwriter (US notes) · Telecommunications

  TELUS priced US$1.5 billion of fixed-to-fixed rate junior subordinated notes in two series, alongside a concurrent C$ offering, to support deleveraging.

  US$1.5B1 source

• Dec 3, 2025

  Canfor Pulp Products Inc.

  Financial advisor to Canfor · Forest Products

  Buyer Canfor Corporation

  Canfor agreed to acquire the Canfor Pulp shares it does not already own; Stifel's formal valuation put fair market value at $0.08 to $0.52 per share.

  Undisclosed1 source

• Dec 2025

  Premium Brands Holdings Corporation

  Co-lead underwriter · 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 19, 2025

  Brookfield Corporation

  Joint bookrunner · Asset Management / Diversified

  Bought-deal issue of 8,000,000 Class A Preference Shares, Series 54 (C$200 million, up to C$250 million with option).

  C$200M1 source

• Nov 13, 2025

  ECN Capital Corp.

  Financial advisor to the purchaser · Specialty Finance

  Buyer Investor group led by Warburg Pincus

  A Warburg Pincus-led group agreed to acquire ECN Capital for C$3.10 per common share in cash, an enterprise value of about C$1.9 billion.

  C$1.9B1 source

• Nov 6, 2025

  Canadian National Railway Company

  Underwriter (syndicate member) · Transportation (Rail)

  CN announced a US$700 million public debt offering in two tranches.

  US$700M1 source

• Nov 3, 2025

  New Gold Inc.

  Financial advisor to Coeur · Mining & Metals

  Buyer Coeur Mining, Inc.

  Coeur agreed to acquire New Gold by plan of arrangement in an all-share deal implying an equity value of about $7 billion, creating an all-North American precious metals producer.

  US$7B1 source

• Oct 28, 2025

  Kiwetinohk Energy Corp.

  Financial advisor to Carlyle · 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 15, 2025

  Taseko Mines Limited

  Co-lead manager and joint bookrunner · Mining (Copper)

  Bought-deal offering of common shares at US$4.05 (issue amount about US$150.3 million); gross proceeds reached US$170 million at closing.

  US$150M2 sources

• 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 1, 2025

  Collective Mining Ltd.

  Lead underwriter and joint bookrunner · Mining (Gold/Copper)

  Bought-deal public offering of common shares at C$19.00 for about C$125.4 million.

  C$125M2 sources

• Sep 9, 2025

  Teck Resources Limited

  Financial advisor to Teck; fairness opinion to the Teck board · Mining & Metals

  Buyer Anglo American plc

  Teck and Anglo American agreed an at-market merger of equals by plan of arrangement to form Anglo Teck, a copper-focused miner with its global head office in Canada. No single transaction value was stated in the release.

  Undisclosed1 source

• Sep 5, 2025

  Maritime Resources Corp.

  Financial advisor to New Found Gold; fairness opinion · Mining (Gold)

  Buyer New Found Gold Corp.

  New Found Gold agreed to acquire Maritime Resources by plan of arrangement at an implied equity value of about $292 million, creating an emerging Newfoundland gold producer.

  C$292M2 sources

• Sep 2, 2025

  TELUS Digital Experience (TELUS International (Cda) Inc.)

  Independent valuator and financial advisor to the special committee · Technology Services

  Buyer TELUS Corporation

  TELUS agreed to acquire the shares of TELUS Digital it did not already own for US$4.50 per share, aggregate consideration of US$539 million (total transaction value about US$2.9 billion).

  US$539M1 source

• Aug 21, 2025

  Canada Goose Holdings Inc.

  Lead arranger and joint bookrunner · Apparel

  Refinancing amendment to Canada Goose's term loan credit agreement dated August 21, 2025.

  Undisclosed1 source

• Aug 15, 2025

  Osisko Development Corp.

  Joint lead manager and joint bookrunner · Mining (Gold)

  Underwritten offering under an underwriting agreement dated August 15, 2025 (date used is the agreement date).

  Undisclosed1 source

• Aug 11, 2025

  Fairfax Financial Holdings Limited

  Dealer (syndicate member) · Insurance

  Fairfax launched a C$700 million offering of senior notes.

  C$700M1 source

• Jul 27, 2025

  First National Financial Corporation

  Independent valuator and financial advisor to the special committee; fairness opinion · Financial Services (Mortgage Lending)

  Buyer Birch Hill Equity Partners and Brookfield (Regal Bidco Inc.)

  Birch Hill and Brookfield agreed to acquire First National at an implied equity value of about $2.9 billion, with founders Stephen Smith and Moray Tawse rolling part of their stakes.

  C$2.9B1 source

• Jul 24, 2025

  GO Residential Real Estate Investment Trust

  Joint active bookrunner · Real Estate (Multifamily REIT)

  GO Residential REIT filed its final prospectus and completed a US$410 million IPO of trust units at US$15.00 (date is the final prospectus announcement).

  US$410M2 sources

• Jul 7, 2025

  Sandstorm Gold Ltd. and Horizon Copper Corp.

  Financial advisor to Sandstorm; fairness opinion · Mining & Metals (Royalties/Streaming)

  Buyer Royal Gold, Inc.

  Royal Gold agreed to acquire Sandstorm in an all-share deal valued at about $3.5 billion, and concurrently Horizon Copper in an all-cash deal of about $196 million.

  US$3.5B1 source

• Jun 19, 2025

  Burgundy Asset Management Ltd.

  Exclusive financial advisor to Buyer (BMO) · Wealth Management

  Buyer BMO Financial Group

  BMO agreed to buy independent wealth manager Burgundy (about C$27 billion AUM) for roughly C$625 million in BMO shares, including a holdback, plus a possible earn-out.

  C$625M1 source

• Jun 13, 2025

  Adriatic Metals plc

  Financial advisor to DPM · Mining - Precious & Base Metals

  Buyer Dundee Precious Metals Inc.

  Dundee Precious Metals proposed to acquire Adriatic Metals, owner of the Vareš mine in Bosnia and Herzegovina, valuing its share capital at about US$1.3 billion in cash and DPM shares.

  US$1.3B1 source

• Jun 12, 2025

  Perpetua Resources Corp.

  Co-lead underwriter, bought deal · Mining - Gold/Antimony

  Perpetua Resources upsized its bought-deal offering to about US$325 million of common shares at US$13.20.

  US$325M1 source

• Jun 6, 2025

  Mrs. Paul's and Van de Kamp's brands

  Exclusive financial advisor to High Liner Foods · Consumer - Food

  Buyer High Liner Foods Incorporated · Seller Conagra Brands, Inc.

  High Liner Foods agreed to buy the Mrs. Paul's and Van de Kamp's breaded seafood brands from Conagra for US$55 million.

  US$55M1 source

• May 27, 2025

  InterRent Real Estate Investment Trust

  Financial advisor to InterRent; fairness opinion to the board of trustees and special committee · Real Estate - Multifamily REIT

  Buyer CLV Group and GIC

  CLV Group, in partnership with GIC, agreed to acquire InterRent REIT for $13.55 per unit in cash in a roughly $4 billion transaction.

  C$4B1 source

• May 21, 2025

  Solaris Resources Inc. (Warintza project financing)

  Financial advisor to Solaris · Mining - Copper

  Buyer Royal Gold

  Solaris entered into a US$200 million stream and royalty financing package with Royal Gold to repay senior debt and advance the Warintza copper-gold project.

  US$200M1 source

• May 21, 2025

  Frontera Energy Corporation

  Financial advisor and dealer manager · Energy - Oil & Gas E&P

  Frontera set the terms of a C$91 million (US$65 million) substantial issuer bid for its common shares.

  C$91M1 source

• May 15, 2025

  MEG Energy Corp.

  Financial advisor to MEG · Energy - Oil Sands

  Buyer Strathcona Resources Ltd.

  Strathcona announced, then on May 30 formally commenced, an unsolicited take-over bid for MEG Energy; MEG's board and special committee engaged advisors and urged shareholders to take no action.

  Undisclosed3 sources

• May 14, 2025

  Strathcona Resources' Kakwa Montney asset

  Lead financial advisor to Strathcona on the Kakwa sale · Energy - Oil & Gas E&P

  Buyer ARC Resources Ltd. · Seller Strathcona Resources Ltd.

  Strathcona agreed to sell its Kakwa asset to ARC Resources for about $1.695 billion in total value, one of three sales disposing of its Montney business.

  C$1.7B1 source

• May 14, 2025

  Strathcona Resources' Grande Prairie Montney asset

  Exclusive financial advisor to Strathcona on the Grande Prairie sale · Energy - Oil & Gas E&P

  Seller Strathcona Resources Ltd.

  Strathcona agreed to sell its Grande Prairie asset for about $850 million in total value; the buyer was not named in the release.

  C$850M1 source

• May 11, 2025

  MAG Silver Corp.

  Co-financial advisor to MAG; fairness opinion to the MAG board · Mining - Silver

  Buyer Pan American Silver Corp.

  Pan American agreed to acquire MAG Silver, owner of an interest in the Juanicipio silver mine joint venture, for total consideration of about US$2.1 billion ($20.54 per share) in cash and shares.

  US$2.1B1 source

• May 5, 2025

  Parkland Corporation

  Financial advisor to the special committee · Energy - Fuel Distribution & Refining

  Buyer Sunoco LP

  Sunoco agreed to acquire all outstanding Parkland shares in a cash-and-equity deal valued at about US$9.1 billion including assumed debt, following Parkland's strategic review.

  US$9.1B2 sources

• Apr 21, 2025

  Lumina Gold Corp.

  Financial advisor to CMOC · Mining - Gold

  Buyer CMOC Group Limited

  CMOC agreed to acquire Lumina Gold, an Ecuador-focused gold developer, for C$1.27 per share in cash, about C$581 million.

  C$581M1 source

• Mar 10, 2025

  Veren Inc.

  Financial advisor to Veren; fairness opinion to the Veren board · Energy - Oil & Gas E&P

  Buyer Whitecap Resources Inc.

  Whitecap and Veren agreed to an all-share combination, described as a $15 billion transaction (combined enterprise value), creating a large Alberta Montney and Duvernay light oil and condensate producer.

  C$15B1 source

• Feb 25, 2025

  Innergex Renewable Energy Inc.

  Financial advisor to Innergex; fairness opinion to the board and special committee · Power & Renewables

  Buyer CDPQ

  CDPQ agreed to acquire Innergex for $13.75 per share in cash, a total enterprise value of about $10.0 billion including project-level debt.

  C$10B1 source

• Feb 23, 2025

  Calibre Mining Corp.

  Financial advisor to Equinox; fairness opinion to the Equinox board · Mining - Gold

  Buyer Equinox Gold Corp.

  Equinox Gold and Calibre agreed to an at-market all-share combination, with Equinox and Calibre shareholders owning about 65% and 35% of the combined company.

  Undisclosed1 source

• Feb 4, 2025

  Livingston International

  Joint bookrunner and co-lead arranger, acquisition financing · Transportation & Logistics

  Buyer Purolator · Seller Platinum Equity

  Purolator acquired customs broker Livingston International from Platinum Equity, with a bank-financed acquisition facility.

  Undisclosed1 source

• Jan 27, 2025

  Porcupine Complex (Timmins, Ontario)

  Sole bookrunner, public offering · Mining - Gold

  Buyer Discovery Silver Corp. · Seller Newmont Corporation

  Discovery agreed to buy Newmont's Porcupine gold complex for US$425 million in total consideration, financed with Franco-Nevada funding and a public offering.

  US$425M1 source

• Dec 2, 2024

  iA Financial Corporation

  Agent · Insurance

  iA Financial Group launched a C$400 million offering of 4.131% fixed/floating unsecured subordinated debentures due 2034 on a best-efforts agency basis.

  C$400M1 source

• Nov 25, 2024

  Topaz Energy Corp.

  Co-lead underwriter (bought deal secondary) · Oil & Gas (royalties)

  Seller Tourmaline Oil Corp.

  Tourmaline sold Topaz Energy common shares in a bought deal secondary offering, initially C$242 million and upsized to C$300 million on Nov. 26, 2024.

  C$300M2 sources

• Nov 25, 2024

  CI Financial Corp.

  Financial advisor to Mubadala Capital · Asset & Wealth Management

  Buyer Mubadala Capital

  Mubadala Capital agreed to take CI Financial private for C$32.00 per share in cash, an equity value of about C$4.7 billion and enterprise value of about C$12.1 billion.

  C$4.7B1 source

• Nov 14, 2024

  Paramount Resources Ltd. (Karr and Wapiti Montney assets)

  Lead financial 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 24, 2024

  Collective Mining Ltd.

  Sole bookrunner · Mining (gold-copper exploration)

  Collective Mining announced a C$30 million bought deal of 6 million common shares at C$5.00, increased to C$35 million the next day.

  C$30M1 source

• Oct 4, 2024

  SilverCrest Metals Inc.

  Financial advisor to Coeur · 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

  Exclusive financial advisor to the REIT; fairness opinion · 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

• Sep 9, 2024

  Veren Inc. Alberta Montney infrastructure interests

  Strategic advisor to Veren · Oil & Gas (midstream)

  Buyer Pembina Gas Infrastructure · Seller Veren Inc.

  Veren entered a long-term infrastructure partnership with Pembina Gas Infrastructure covering certain Alberta Montney assets, receiving C$400 million of net cash proceeds earmarked for debt reduction.

  C$400M1 source

• Aug 8, 2024

  TELUS Corporation

  Lead agent · Telecommunications

  TELUS priced C$700 million of 7-year senior unsecured notes through an agency syndicate.

  C$700M1 source

• Jul 29, 2024

  Filo Corp.

  Financial advisor to Filo · Mining (copper)

  Buyer BHP and Lundin Mining Corporation

  BHP and Lundin Mining agreed to acquire all Filo shares they did not already own for C$33.00 per share via plan of arrangement, valuing Filo at about C$4.5 billion, and to form a 50/50 joint venture for the Filo del Sol and Josemaria projects.

  C$4.5B1 source

• Jul 15, 2024

  Stelco Holdings Inc.

  Financial advisor to Stelco; fairness opinion to the board · Steel

  Buyer Cleveland-Cliffs Inc.

  Cleveland-Cliffs agreed to acquire Stelco for C$60.00 in cash plus 0.454 Cliffs shares per Stelco share (C$70 per share), a total enterprise value of about C$3.4 billion (US$2.5 billion).

  C$3.4B1 source

• Jul 15, 2024

  Foran Mining Corporation

  Co-lead agent and joint bookrunner (brokered private placement) · Mining (copper-zinc)

  Foran announced a financing package of up to C$315 million, including strategic investments by Fairfax and Agnico Eagle and a brokered private placement of up to C$222 million of common and flow-through shares, plus an upsized Sprott project credit facility, to fund McIlvenna Bay construction.

  C$315M1 source

• Jul 11, 2024

  Héroux-Devtek Inc.

  Financial advisor to Platinum Equity and lead arranger of the financing · Aerospace & Defence

  Buyer Platinum Equity

  Platinum Equity agreed to take Héroux-Devtek private for C$32.50 per share in cash, an enterprise value of about C$1.35 billion, with senior management rolling over part of their shares.

  C$1.35B1 source

• Jun 19, 2024

  Veren Inc.

  Joint bookrunner · Oil & Gas

  Veren priced CDN$1.0 billion of investment-grade senior unsecured notes in five- and ten-year tranches to repay its bank term loan.

  C$1B1 source

• Jun 13, 2024

  Sagicor Financial Company Ltd.

  Agent (syndicate member) · Insurance

  Sagicor priced a C$250 million Canadian private placement of 6.359% senior unsecured notes due 2029.

  C$250M1 source

• Jun 11, 2024

  Copperleaf Technologies Inc.

  Exclusive financial advisor to the special committee; fairness opinion · Software

  Buyer IFS AB (Industrial and Financial Systems)

  IFS agreed to acquire Copperleaf for $12.00 per share in cash by plan of arrangement, a total equity value of about $1.0 billion on a fully diluted basis.

  C$1B1 source

• May 31, 2024

  Sprott Physical Copper Trust

  Joint bookrunner · Asset Management / Commodities

  Sprott filed the final prospectus for the IPO of Sprott Physical Copper Trust: 10 million units at US$10.00 for US$100 million.

  US$100M1 source

• May 21, 2024

  Hudbay Minerals Inc.

  Joint bookrunner · Mining (Copper)

  Hudbay launched a US$300 million bought deal of common shares at US$9.50, upsized the next day to US$350 million.

  US$350M2 sources

• May 21, 2024

  IAMGOLD Corporation

  Bookrunner · Mining (Gold)

  IAMGOLD agreed a US$300 million bought deal of 72 million shares at US$4.17 to fund the repurchase of a 9.7% interest in the Côté Gold mine from Sumitomo Metal Mining.

  US$300M1 source

• May 14, 2024

  CES Energy Solutions Corp.

  Joint active bookrunning manager · Oilfield Services

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

  C$200M1 source

• May 9, 2024

  Intact Financial Corporation

  Co-lead agent · Insurance

  Intact agreed to issue $300 million of Series 15 unsecured medium term notes by private placement.

  C$300M1 source

• Apr 26, 2024

  Adventus Mining Corporation

  Financial advisor to Silvercorp · 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 23, 2024

  Greenstone Gold Mine GP Inc. (Orion 40% interest)

  Joint bookrunner, concurrent bought deal equity offering · Mining (Gold)

  Buyer Equinox Gold Corp. · Seller Orion Mine Finance funds

  Equinox agreed to buy Orion's 40% interest in the Greenstone mine for US$995 million in cash and shares, funded partly by a new US$500 million term loan and a bought deal equity offering.

  US$995M1 source

• Apr 22, 2024

  Reunion Gold Corporation

  Financial advisor to Reunion Gold and its board · 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 17, 2024

  Flagship Communities Real Estate Investment Trust

  Co-lead underwriter · Real Estate (Manufactured Housing)

  Flagship announced its largest acquisition (about US$93.0 million) together with a US$60 million bought deal of 3.91 million units at US$15.35.

  US$60M1 source

• Apr 3, 2024

  Snowline Gold Corp.

  Co-lead underwriter · Mining (Gold exploration)

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

  C$25M1 source

• Apr 2, 2024

  Indigo Books & Music Inc.

  Independent valuator and financial advisor to the special committee (formal valuation and fairness opinion) · Retail

  Buyer Trilogy Retail Holdings and Trilogy Investments

  Indigo agreed to be taken private by its controlling shareholder Trilogy at $2.50 per share, an 11% increase over Trilogy's February proposal, following negotiation by a special committee.

  Undisclosed1 source

• Feb 25, 2024

  Osino Resources Corp.

  Financial advisor to the Osino board; fairness opinion · Mining (Gold)

  Buyer Yintai Gold Co., Ltd

  Yintai agreed to acquire Osino for C$1.90 per share in cash by plan of arrangement, about C$368 million, superseding an earlier agreed deal.

  C$368M1 source

• Feb 22, 2024

  Cogeco Communications Inc.

  Lead agent and joint bookrunner · Telecommunications

  Cogeco Communications priced $275 million of 6.125% senior unsecured notes due 2029 through an agency syndicate.

  C$275M1 source

• Feb 21, 2024

  Enerplus Corporation

  Co-financial advisor to Enerplus · Oil & Gas

  Buyer Chord Energy Corporation

  Chord and Enerplus agreed to combine through a plan of arrangement in a stock-and-cash transaction described as approximately US$11 billion (combined enterprise value), with Enerplus shareholders owning about 33% of the Williston-focused combined company.

  US$11B1 source

• Feb 21, 2024

  First Quantum Minerals Ltd.

  Joint bookrunner · Mining (Copper)

  First Quantum agreed a bought deal of 121.68 million shares at C$11.10 for about C$1,351 million (about US$1.0 billion) as part of a broader refinancing.

  C$1.35B1 source

• Feb 20, 2024

  H&R Real Estate Investment Trust

  Agent (syndicate member) · Real Estate

  H&R REIT agreed to sell $250 million of Series T senior unsecured debentures on a private placement best-efforts agency basis.

  C$250M1 source

• Feb 12, 2024

  TMX Group Limited

  Lead agent · Exchanges / Financial Services

  TMX priced a $1.1 billion Canadian private placement of senior unsecured debentures in three series (2029, 2032 and a longer series).

  C$1.1B1 source

• Feb 6, 2024

  Dream Summit Industrial LP

  Lead agent · Real Estate (Industrial)

  Dream Summit Industrial priced a C$250 million private placement of 5.111% Series E senior unsecured debentures due 2029.

  C$250M1 source

• Jan 22, 2024

  Farmers Edge Inc.

  Financial advisor and independent valuator to the special committee · Agtech

  Buyer Fairfax Financial Holdings Limited (15635594 Canada Inc.)

  Majority shareholder Fairfax agreed to take Farmers Edge private at C$0.35 per share by plan of arrangement, a 218% premium to the pre-proposal price.

  Undisclosed1 source

• Jan 17, 2024

  Dye & Durham Limited

  Underwriter (syndicate member) · 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

• Jan 2, 2024

  Care Pharmacies (majority interest)

  Exclusive financial advisor to Care Pharmacies · Retail / Pharmacy

  Buyer Calgary Co-op

  A Calgary Co-op subsidiary agreed to become the majority shareholder of Care Pharmacies, with closing expected in the first quarter of 2024.

  Undisclosed1 source

• Nov 13, 2023

  Elk Valley Resources (Teck steelmaking coal business)

  Financial advisor to the Teck special committee; opinion to the special committee · Mining

  Buyer Glencore plc (77%) and Nippon Steel Corporation (20%) · Seller Teck Resources Limited

  Teck agreed to sell its entire steelmaking coal business, Elk Valley Resources, with a majority stake to Glencore at an implied enterprise value of US$9.0 billion on a 100% basis and a minority stake to Nippon Steel.

  US$9B1 source

• Nov 13, 2023

  Sio Silica Corporation

  Exclusive financial advisor to Sio · Industrial Minerals

  Buyer Pyrophyte Acquisition Corp.

  High-purity silica producer Sio Silica agreed to go public through a business combination with SPAC Pyrophyte, with about $150 million of capital secured.

  Undisclosed1 source

• Nov 6, 2023

  Hammerhead Energy Inc.

  Financial advisor to Crescent Point; verbal opinion to the board · 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

• Sep 21, 2023

  Alimentation Couche-Tard Inc. (C$800 million 5.592% Series 7 senior unsecured notes due 2030)

  Agency syndicate member · Retail / Convenience

  Couche-Tard priced a C$800 million private placement of 5.592% senior unsecured notes due 2030 to repay debt and for general purposes.

  C$800M1 source

• Sep 8, 2023

  Nova Royalty Corp.

  Capital markets advisor to Metalla · Mining Royalties

  Buyer Metalla Royalty & Streaming Ltd.

  Metalla agreed to acquire Nova Royalty by plan of arrangement after an auction run by Nova, alongside a C$65 million strategic partnership with Beedie Capital.

  Undisclosed2 sources

• Aug 1, 2023

  Pipestone Energy Corp.

  Exclusive financial advisor to the Pipestone special committee · Oil & Gas

  Buyer Strathcona Resources Ltd.

  Strathcona agreed to acquire Pipestone in an all-share transaction that created a public company with an initial enterprise value of about C$11.5 billion.

  Undisclosed1 source

• Jul 12, 2023

  Liminal BioSciences Inc. (minority shares)

  Independent financial advisor and formal valuator to the special committee · Healthcare / Biotech

  Buyer Structured Alpha LP

  Structured Alpha LP, Liminal BioSciences' controlling shareholder, agreed to take the company private, paying minority shareholders US$8.50 per share in cash.

  Undisclosed2 sources

• Jul 5, 2023

  American Equity Investment Life Holding Company

  Advisor to Brookfield Reinsurance · Insurance

  Buyer Brookfield Reinsurance Ltd.

  Brookfield Reinsurance agreed to acquire U.S. annuity provider American Equity (AEL) in a cash-and-stock transaction valued at about US$4.3 billion.

  US$4.3B1 source

• Jun 14, 2023

  South Texas Gateway Terminal LLC

  Joint bookrunner, $350 million subscription receipt bought deal · Midstream

  Buyer Gibson Energy Inc. · Seller Buckeye Partners, L.P. and co-owners

  Gibson Energy agreed to acquire the South Texas Gateway crude oil export terminal for US$1.1 billion, with a concurrent $350 million bought deal of subscription receipts.

  US$1.1B1 source

• Mar 28, 2023

  Spartan Delta Corp.'s Montney assets

  Strategic advisor to Crescent Point · Oil & Gas

  Buyer Crescent Point Energy Corp. · Seller Spartan Delta Corp.

  Crescent Point agreed to acquire Spartan Delta's oil and liquids-rich Alberta Montney assets for $1.7 billion in cash.

  C$1.7B1 source

• Mar 24, 2023

  Western Copper and Gold Corporation

  Financial advisor to Western Copper and Gold · Mining

  Buyer Mitsubishi Materials Corporation (strategic investment)

  Mitsubishi Materials agreed to make a C$21.3 million strategic equity investment in Western Copper and Gold, with Rio Tinto entitled to participate under its participation right.

  C$21.3M1 source

• Mar 10, 2023

  AIR MILES Reward Program business (LoyaltyOne)

  Financial advisor to BMO · Financial Services / Loyalty

  Buyer Bank of Montreal · Seller Loyalty Ventures Inc. / LoyaltyOne, Co.

  BMO confirmed an agreement to acquire LoyaltyOne's AIR MILES Reward Program business, sold alongside the seller's restructuring proceedings.

  Undisclosed1 source

• Feb 27, 2023

  Millennial Precious Metals Corp.

  Joint bookrunner, bought deal subscription receipts · 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 · 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

• Jan 31, 2023

  Lithium Americas Corp.

  Financial advisor to Lithium Americas · Mining / Lithium

  Buyer General Motors Co. (equity investment)

  General Motors agreed to make a US$650 million equity investment in Lithium Americas to support the Thacker Pass lithium project.

  US$650M1 source

• Dec 20, 2022

  IAMGOLD Bambouk assets (Senegal, Mali, Guinea)

  Financial advisor to IAMGOLD · Mining (Gold)

  Buyer Managem · Seller IAMGOLD Corporation

  IAMGOLD agreed to sell its Boto project and surrounding West African exploration assets to Managem for about US$282 million.

  US$282M1 source

• Dec 20, 2022

  Arena Minerals Inc.

  Financial advisor to Lithium Americas · 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

• Nov 7, 2022

  Summit Industrial Income REIT

  Exclusive financial advisor to Summit; fairness opinion to the trustees · Real Estate

  Buyer GIC and Dream Industrial REIT joint venture

  A GIC/Dream Industrial REIT joint venture agreed to acquire Summit in an all-cash deal valued at about C$5.9 billion including assumed debt, at $23.50 per unit.

  C$5.9B2 sources

• Nov 3, 2022

  Lithium Americas Corp.

  Financial advisor to Lithium Americas on the separation · Mining (Lithium)

  Lithium Americas announced a plan to separate its North American and Argentine businesses into two independent public companies.

  Undisclosed1 source

• Nov 2022

  Yamana Gold Inc.

  Financial advisor to Pan American; fairness opinion to the board · Mining (Gold)

  Buyer Pan American Silver Corp. and Agnico Eagle Mines Limited

  Pan American agreed to acquire Yamana while Agnico Eagle bought Yamana's Canadian assets, including its interest in Canadian Malartic, by plan of arrangement. The proposal superseded the Gold Fields agreement; the arrangement agreement was signed on November 8.

  Undisclosed2 sources

• Oct 11, 2022

  Westinghouse Electric Company

  Financial advisor to the sellers in the strategic process · Power & Utilities (Nuclear)

  Buyer Brookfield Renewable Partners (51%) and Cameco Corporation (49%) · Seller Brookfield Business Partners and institutional partners

  Cameco and Brookfield Renewable formed a partnership to buy Westinghouse from Brookfield Business Partners at a total enterprise value of US$7.875 billion. BBU's independent committee obtained a formal valuation because the sale was a related-party transaction.

  US$7.88B3 sources

• Sep 5, 2022

  Turquoise Hill Resources Ltd.

  Financial advisor to the special committee; fairness opinion · Mining (Copper)

  Buyer Rio Tinto plc

  Rio Tinto agreed to acquire the roughly 49% of Turquoise Hill it did not own for C$43.00 per share in cash, following an unsolicited proposal earlier in 2022. The special committee obtained an MI 61-101 formal valuation.

  Undisclosed1 source

• Aug 25, 2022

  Micro Focus International plc

  Lead arranger on acquisition financing · Technology

  Buyer Open Text Corporation

  OpenText agreed to acquire UK software company Micro Focus for 532 pence per share in cash, an enterprise value of about US$6.0 billion, backed by committed financing.

  US$6B1 source

• Aug 2, 2022

  Sierra Wireless, Inc.

  Financial advisor to Sierra Wireless; fairness opinion · Technology (IoT)

  Buyer Semtech Corporation

  Semtech agreed to acquire Sierra Wireless for US$31.00 per share in cash by plan of arrangement.

  Undisclosed1 source

• Jul 6, 2022

  Resolute Forest Products Inc.

  Acquisition financing provider · Forest Products

  Buyer The Paper Excellence Group (through Domtar Corporation)

  Paper Excellence, through Domtar, agreed to acquire Resolute for US$20.50 per share plus a contingent value right tied to softwood lumber duty refunds, an enterprise value of about US$2.7 billion.

  US$2.7B1 source

• Jul 5, 2022

  Petrogas Energy Corp. (25.97% interest)

  Financial advisor to Idemitsu · Energy Midstream

  Buyer AltaGas Ltd. · Seller Idemitsu Canada Corporation

  AltaGas bought Idemitsu's 25.97% stake in Petrogas for $285 million in cash, taking full ownership.

  C$285M1 source

• Jul 5, 2022

  Alexco Resource Corp.

  Financial advisor to Hecla · 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 13, 2022

  Just Energy Group Inc.

  Financial advisor to Just Energy · Utilities (Retail Energy)

  Just Energy entered a support agreement and backstop commitment for a going-concern recapitalization under a CCAA plan of compromise and arrangement.

  Undisclosed1 source

• May 2, 2022

  Nomad Royalty Company Ltd.

  Financial advisor to Sandstorm; fairness opinion to the board · 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

• May 2, 2022

  BaseCore Metals royalty and stream package

  Financial advisor to Sandstorm · Mining (Royalties & Streams)

  Buyer Sandstorm Gold Ltd. · Seller BaseCore Metals LP

  Sandstorm agreed to buy nine royalties and one stream from BaseCore Metals as part of the US$1.1 billion portfolio expansion it announced alongside the Nomad acquisition.

  Undisclosed1 source

• Feb 26, 2022

  KSM Mining ULC (secured note exchangeable for KSM silver royalty)

  Financial advisor to Seabridge · Mining (Gold)

  Buyer Sprott Resource Streaming and Royalty Corp. and Ontario Teachers' Pension Plan · Seller Seabridge Gold Inc.

  Seabridge's KSM subsidiary agreed to sell a US$225 million secured note, to be exchanged for a silver royalty on KSM, to Sprott and Ontario Teachers'.

  US$225M1 source

• Dec 20, 2021

  Josemaria Resources Inc.

  Fairness opinion to the Josemaria special committee and board · Mining (Copper / Gold)

  Buyer Lundin Mining Corporation

  Lundin Mining agreed to acquire Josemaria Resources, owner of the Josemaria copper-gold project in Argentina, for an implied equity value of about C$625 million.

  C$625M1 source

• Nov 17, 2021

  Definity Financial Corporation

  Global coordinator and joint bookrunner; private placement agent · 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 17, 2021

  Coveo Solutions Inc.

  Joint bookrunner · Technology (Software)

  Coveo priced its TSX initial public offering of 14.34 million subordinate voting shares at C$15.00, raising C$215.1 million.

  C$215M1 source

• Nov 8, 2021

  Pretium Resources Inc.

  Financial advisor to Pretivm · Mining (Gold)

  Buyer Newcrest Mining Limited

  Newcrest agreed to acquire Pretivm for C$18.50 per share in cash and shares, a total equity value of about C$3.5 billion, adding the Brucejack mine in British Columbia.

  C$3.5B1 source

• Nov 3, 2021

  D2L Inc.

  Co-lead underwriter and joint bookrunner · Technology (Education Software)

  D2L completed its TSX initial public offering of 8.825 million subordinate voting shares at $17.00 for gross proceeds of about $150 million.

  C$150M1 source

• Oct 24, 2021

  Cominar Real Estate Investment Trust

  Financial advisor and fairness opinion to the REIT · Real Estate (Diversified REIT)

  Buyer Iris Acquisition II LP (consortium led by Canderel)

  A Canderel-led consortium agreed to acquire Cominar for $11.75 per unit in cash (about $5.7 billion), with Mach Capital buying about $1.5 billion of properties as part of the deal, ending Cominar's strategic review.

  C$5.7B1 source

• Sep 28, 2021

  Kirkland Lake Gold Ltd.

  Financial advisor to Kirkland Lake Gold · Mining (Gold)

  Buyer Agnico Eagle Mines Limited

  Agnico Eagle and Kirkland Lake Gold agreed to an all-share merger of equals to create a senior gold producer with a dominant position in Canada.

  Undisclosed1 source

• Aug 9, 2021

  American National Group, Inc.

  Debt financing · Insurance

  Buyer Brookfield Asset Management Reinsurance Partners Ltd.

  Brookfield Reinsurance agreed to acquire American National for US$190 per share in an all-cash deal valued at about US$5.1 billion.

  US$5.1B1 source

• Aug 3, 2021

  The Bow office tower (Calgary) and Bell Campus (Mississauga)

  Financial advisor on the sale to Oak Street · Real Estate (Office)

  Seller H&R Real Estate Investment Trust

  H&R REIT announced transactions valued at $1.67 billion involving the Bow office tower and the sale of the Bell office campus to Oak Street, for combined gross proceeds of about $1.47 billion.

  C$1.67B1 source

• Jul 27, 2021

  Noront Resources Ltd.

  Financial advisor to BHP · Mining (Nickel / Base Metals)

  Buyer BHP

  BHP made a board-supported all-cash takeover offer of C$0.55 per share for Noront (equity value C$325 million), later raised, before Noront accepted a superior Wyloo Metals offer in December 2021.

  C$325M1 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 31, 2021

  INV Metals Inc.

  Financial advisor to INV Metals · Mining (Gold)

  Buyer Dundee Precious Metals Inc.

  Dundee Precious Metals agreed to acquire the INV Metals shares it did not own in an all-share deal at an implied C$0.80 per share (equity value about C$132 million), adding the Loma Larga project in Ecuador.

  C$132M1 source

• May 27, 2021

  Softchoice Corporation

  Underwriter (syndicate member) · 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 24, 2021

  Algoma Steel

  Financial advisor to Legato · Steel

  Buyer Legato Merger Corp.

  Algoma Steel agreed to go public through an all-stock merger with SPAC Legato, valuing the combined company at an enterprise value of about $1.7 billion including contingent consideration.

  US$1.7B1 source

• May 20, 2021

  dentalcorp Holdings Ltd.

  Joint active bookrunner · Health Care (Dental Services)

  dentalcorp priced its IPO of 50 million subordinate voting shares at $14.00 (about $700 million), with concurrent private placements bringing gross proceeds to about $950 million.

  C$700M1 source

• May 18, 2021

  Neighbourly Pharmacy Inc.

  Co-lead underwriter · Health Care (Pharmacy)

  Neighbourly priced its IPO of 10.3 million common shares at $17.00 for gross proceeds of about $175 million, upsized from $150 million.

  C$175M1 source

• Apr 27, 2021

  Magnet Forensics Inc.

  Co-lead underwriter and joint bookrunner · Technology (Digital Forensics Software)

  Magnet Forensics priced its TSX IPO of 5.89 million subordinate voting shares at C$17.00 for gross proceeds of about C$100.1 million.

  C$100M1 source

• Apr 26, 2021

  Roxgold Inc.

  Financial advisor and fairness opinion to Roxgold · Mining (Gold & Silver)

  Buyer Fortuna Silver Mines Inc.

  Fortuna and Roxgold agreed to a share-based business combination valuing Roxgold at about C$1.1 billion, creating an intermediate precious metals producer with West African and Latin American assets.

  C$1.1B1 source

• Apr 21, 2021

  Thinkific Labs Inc.

  Joint bookrunner · 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

• Apr 12, 2021

  LendCare Capital

  Financial advisor to goeasy; lead underwriter of the $130 million bought deal · Financial Services (Consumer Lending)

  Buyer goeasy Ltd.

  goeasy agreed to acquire point-of-sale lender LendCare for $320 million, alongside a $130 million bought-deal offering of subscription receipts.

  C$320M1 source

• Apr 8, 2021

  The Supreme Cannabis Company, Inc.

  Exclusive financial advisor and fairness opinion to Supreme Cannabis · Cannabis

  Buyer Canopy Growth Corporation

  Canopy Growth agreed to acquire Supreme Cannabis in a share-based arrangement valued at about $435 million on a fully diluted basis.

  C$435M1 source

• Apr 8, 2021

  Williston Basin assets of Hess Corporation

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

  Buyer Enerplus Corporation · Seller Hess Corporation

  Enerplus agreed to buy Williston Basin assets from Hess for US$312 million in cash.

  US$312M1 source

• Mar 25, 2021

  US$390 million grocery-anchored portfolio

  Co-lead underwriter of the subscription receipt offering · Real Estate (Retail REIT)

  Buyer Slate Grocery REIT

  Slate Grocery REIT agreed to acquire a US$390 million grocery-anchored portfolio and launched a subscription receipt offering of about C$133 million to fund it.

  US$390M1 source

• Mar 21, 2021

  Kansas City Southern

  Financial advisor to Canadian Pacific · Transportation & Rail

  Buyer Canadian Pacific Railway Limited

  CP agreed to acquire KCS in a stock-and-cash deal at an enterprise value of about US$29 billion (including US$3.8 billion of KCS debt) to create a U.S.-Mexico-Canada rail network. After a competing CN bid, KCS declared CP's revised offer superior in September 2021.

  US$29B2 sources

• Mar 15, 2021

  Gold X Mining Corp.

  Financial advisor to the Gold X special committee · Mining (Gold)

  Buyer Gran Colombia Gold Corp.

  Gran Colombia agreed to acquire Gold X and its Toroparu project in Guyana in an all-share arrangement valued at about C$315 million (C$4.10 per share).

  C$315M1 source

• Mar 10, 2021

  GT Gold Corp.

  Financial advisor and fairness opinion to GT Gold · Mining (Gold / Copper)

  Buyer Newmont Corporation

  Newmont agreed to acquire the GT Gold shares it did not own for C$3.25 per share in cash, about C$456 million on a fully diluted basis.

  C$456M1 source

• Mar 9, 2021

  Tervita Corporation

  Financial advisor and fairness opinion to SECURE · Energy Services & Environmental

  Buyer SECURE Energy Services Inc.

  SECURE and Tervita agreed to an all-share merger creating a midstream infrastructure and environmental solutions business with an implied enterprise value of about $2.3 billion.

  C$2.3B1 source

• Feb 22, 2021

  Inter Pipeline Ltd.

  Joint financial advisor to Brookfield Infrastructure · Energy Infrastructure (Midstream)

  Buyer Brookfield Infrastructure Partners L.P. (with institutional partners)

  Brookfield Infrastructure launched an unsolicited takeover bid for Inter Pipeline in February 2021 and raised it several times; Inter Pipeline's board recommended the revised Brookfield offer in late July 2021 after ending its agreement with Pembina.

  Undisclosed2 sources

• Feb 17, 2021

  Shell Canada Kaybob Duvernay assets

  Financial advisor to Crescent Point · Oil & Gas (Exploration & Production)

  Buyer Crescent Point Energy Corp. · Seller Shell Canada Energy

  Crescent Point agreed to buy Shell's Kaybob Duvernay assets in Alberta for $900 million ($700 million cash plus shares).

  C$900M1 source

• Feb 2, 2021

  TELUS International (Cda) Inc.

  Underwriter (syndicate member) · Technology (Digital Customer Experience)

  TELUS International priced its NYSE/TSX initial public offering of 37 million subordinate voting shares (treasury and secondary) at US$25.00, totalling US$925 million.

  US$925M1 source

• Jan 5, 2021

  TMAC Resources Inc.

  Financial advisor to TMAC · Mining (Gold)

  Buyer Agnico Eagle Mines Limited

  Agnico Eagle agreed to acquire TMAC for C$2.20 per share in cash (total equity value about C$286.6 million), adding the Hope Bay gold project in Nunavut.

  C$287M1 source

• Sep 17, 2020

  Nuvei Corporation

  Joint active bookrunner · Fintech / Payments

  Nuvei priced its TSX initial public offering of 26.9 million subordinate voting shares at US$26 (about US$700 million); with a concurrent private placement, total proceeds at closing were US$833 million.

  US$700M2 sources

• Sep 15, 2020

  Cominar Real Estate Investment Trust

  Financial advisor on the strategic review · Real Estate

  Cominar's board launched a formal strategic review overseen by a special committee of independent trustees, retaining two banks as financial advisors.

  Undisclosed1 source

• Sep 9, 2020

  Lightspeed POS Inc.

  Joint lead book-running manager · Technology

  Lightspeed priced its US initial public offering and NYSE listing at US$30.50 per share, raising US$305 million for the company plus a secondary sale by CDPQ.

  US$305M3 sources

• Sep 1, 2020

  GoGold Resources Inc.

  Sole bookrunner · Mining (Silver)

  GoGold agreed a C$30 million bought deal of 20 million common shares at C$1.50.

  C$30M1 source

• Jul 29, 2020

  IPL Plastics Inc.

  Exclusive financial advisor to IPL; fairness opinion to the special committee and board · Industrials / Packaging

  Buyer Madison Dearborn Partners (MDP Funds)

  Madison Dearborn Partners agreed to acquire IPL Plastics for C$10.00 per share in cash, valuing IPL at C$555 million on an equity basis and C$981 million on an enterprise basis.

  C$981M1 source

• Jul 13, 2020

  Dye & Durham Limited

  Joint bookrunner · Technology / Legal Software

  Dye & Durham priced its TSX initial public offering and secondary offering of 20 million common shares at $7.50 per share (17 million from treasury).

  C$150M1 source

• Jul 2020

  StorageVault Canada Inc.

  Underwriter · 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 · 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 26, 2020

  InterRent Real Estate Investment Trust

  Joint bookrunner · Real Estate

  InterRent REIT agreed a bought deal of 13.66 million trust units at $14.65 for gross proceeds of about $200 million.

  C$200M1 source

• Mar 23, 2020

  SEMAFO Inc.

  Fairness opinion to the Endeavour board · Mining (Gold)

  Buyer Endeavour Mining Corporation

  Endeavour Mining agreed to combine with SEMAFO in an all-share plan of arrangement implying an equity value for SEMAFO of about C$1.0 billion; completed in July 2020.

  C$1B2 sources

• Mar 16, 2020

  TerraForm Power, Inc.

  Financial advisor to Brookfield Renewable · Power & Renewables

  Buyer Brookfield Renewable Partners L.P. / Brookfield Renewable Corporation

  Brookfield Renewable agreed to acquire the shares of TerraForm Power it did not already own for 0.381 of a BEP unit (or BEPC share) per TerraForm share.

  Undisclosed1 source

• Feb 27, 2020

  Midas Gold Corp.

  Co-lead agent, brokered offering · 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 25, 2020

  GFL Environmental Inc.

  Joint lead book-running manager · Environmental Services

  GFL Environmental priced its initial public offering of subordinate voting shares at US$19.00 together with a concurrent tangible equity unit offering, about US$2.2 billion in total.

  US$2.2B1 source

• Feb 10, 2020

  Great Canadian Gaming Corporation

  Joint bookrunner · 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 31, 2020

  S&D Coffee and Tea

  Exclusive financial advisor to Cott · Consumer / Beverages

  Buyer Westrock Coffee Company, LLC · Seller Cott Corporation

  Cott agreed to sell its S&D Coffee and Tea business to Westrock Coffee for US$405 million on a cash-free, debt-free basis as part of its shift to a pure-play water company.

  US$405M2 sources

• Dec 16, 2019

  Leagold Mining Corporation

  Exclusive financial advisor to the acquirer; fairness opinion to the board · Mining (Gold)

  Buyer Equinox Gold Corp.

  Equinox Gold and Leagold agreed to an at-market merger creating an Americas-focused gold producer, with a concurrent US$670 million financing package.

  Undisclosed1 source

• Dec 13, 2019

  Power Financial Corporation (minority shares)

  Financial advisor to Power Corporation · Financial Services (Holding Company)

  Buyer Power Corporation of Canada

  Power Corporation announced a reorganization to acquire the Power Financial shares it did not own, exchanging each for 1.05 Power Corporation subordinate voting shares plus $0.01.

  Undisclosed1 source

• Dec 2, 2019

  FirstService Corporation

  Co-lead underwriter · Real Estate Services

  FirstService agreed to a US$200 million bought deal of 2,165,000 common shares at US$92.50.

  US$200M1 source

• Nov 25, 2019

  Detour Gold Corporation

  Financial advisor to the target · Mining (Gold)

  Buyer Kirkland Lake Gold Ltd.

  Kirkland Lake Gold agreed to acquire Detour Gold in an all-share deal implying C$27.50 per share and an equity value of about C$4.9 billion.

  C$4.9B2 sources

• Nov 25, 2019

  Fortis Inc.

  Underwriter · Power & Utilities

  Fortis announced a C$1.1 billion common share offering: a C$600 million bought deal plus a concurrent C$500 million placement with an institutional investor.

  C$1.1B2 sources

• Nov 18, 2019

  Denison Mines Corp. (flow-through shares)

  Underwriter · Mining (Uranium)

  Denison completed a C$4.7 million bought deal private placement of flow-through shares.

  C$4.7M1 source

• Oct 22, 2019

  Granite Real Estate Investment Trust (October 2019 bought deal)

  Co-lead underwriter · Real Estate (Industrial REIT)

  Granite REIT announced a C$200 million bought deal of stapled units, upsized to about C$256 million and closed at C$294 million including the over-allotment.

  C$294M2 sources

• Oct 2, 2019

  The Stars Group Inc.

  Financial advisor to the target; fairness opinion · Gaming

  Buyer Flutter Entertainment plc

  Flutter and The Stars Group entered into an arrangement agreement to combine the two online gaming groups.

  Undisclosed1 source

• Oct 1, 2019

  Docebo Inc.

  Underwriter · Technology (Software)

  Docebo priced its TSX IPO of 4,687,500 common shares at C$16.00 for gross proceeds of C$75 million.

  C$75M1 source

• Sep 10, 2019

  Fortuna Silver Mines Inc. (4.65% convertible debentures)

  Underwriter · Mining (Silver)

  Fortuna closed a US$40 million bought deal of 4.65% convertible debentures.

  US$40M1 source

• Sep 3, 2019

  Uinta Basin assets and non-core southeast Saskatchewan assets

  Financial advisor to the seller (Uinta sale); fairness opinion · Energy (Oil & Gas)

  Buyer Undisclosed buyers · Seller Crescent Point Energy Corp.

  Crescent Point agreed to sell its Uinta Basin asset and certain southeast Saskatchewan conventional assets for total cash of about $912 million.

  C$912M1 source

• Aug 21, 2019

  Kinder Morgan Canada Limited and Cochin Pipeline (U.S. portion)

  Financial advisor to the special committee; fairness opinion · Energy (Midstream)

  Buyer Pembina Pipeline Corporation · Seller Kinder Morgan, Inc.

  Pembina agreed to acquire Kinder Morgan Canada Limited and the U.S. portion of the Cochin Pipeline from Kinder Morgan Inc. for a total of about $4.35 billion.

  C$4.35B2 sources

• Aug 15, 2019

  Lightspeed POS Inc. (secondary offering)

  Joint bookrunner · Technology (Software)

  Seller DHIDasilva Holdings, CDPQ, Inovia Capital and management

  Selling shareholders sold 5,399,602 Lightspeed subordinate voting shares at $35.00 per share in a marketed secondary offering.

  Undisclosed1 source

• Aug 2019

  Northern Dynasty Minerals Ltd.

  Underwriter (syndicate member) · Mining (Copper)

  Northern Dynasty closed a bought deal offering of about US$11.5 million including the over-allotment.

  US$11.5M1 source

• Jul 31, 2019

  Sundial Growers Inc.

  Joint book-running manager · Cannabis

  Sundial priced its upsized U.S. IPO of 11,000,000 common shares at US$13.00 per share.

  Undisclosed1 source

• Jul 11, 2019

  Gold Standard Ventures Corp.

  Lead underwriter · Mining (Gold)

  Gold Standard Ventures agreed to a C$15 million bought deal of 12.3 million common shares at C$1.22.

  C$15M1 source

• Jun 27, 2019

  Transat A.T. Inc.

  Financial advisor to the special committee; fairness opinion · Airlines & Travel

  Buyer Air Canada

  Air Canada agreed to acquire Transat for $13 per share (about $520 million); the price was raised in August 2019 to $18 per share (about $720 million).

  C$520M2 sources

• Jun 11, 2019

  Fairfax Financial Holdings Limited (4.23% Senior Notes due 2029)

  Joint bookrunner · Insurance

  Fairfax issued C$500 million of 4.23% senior notes due 2029.

  C$500M1 source

• May 14, 2019

  Corus Entertainment Inc. Class B shares (secondary offering)

  Underwriter · 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

• Apr 11, 2019

  Granite Real Estate Investment Trust (April 2019 bought deal)

  Co-lead underwriter · Real Estate (Industrial REIT)

  Granite REIT completed a bought deal equity offering of stapled units announced at C$200 million and closed at C$231 million.

  C$231M1 source

• Mar 7, 2019

  Lightspeed POS Inc.

  Lead underwriter and joint bookrunner · Technology (Software)

  Lightspeed priced its upsized TSX initial public offering of 15,000,000 subordinate voting shares at C$16 for gross proceeds of C$240 million.

  C$240M1 source

• Jan 14, 2019

  Goldcorp Inc.

  Financial advisor to the acquirer · Mining (Gold)

  Buyer Newmont Mining Corporation

  Newmont agreed to acquire Goldcorp in a stock-for-stock transaction valued at about US$10 billion (equity), creating Newmont Goldcorp.

  US$10B2 sources

• Nov 14, 2018

  Tahoe Resources Inc.

  Fairness opinion to the Tahoe board and independent committee · Mining

  Buyer Pan American Silver Corp.

  Pan American Silver agreed to acquire Tahoe Resources by plan of arrangement for cash and shares worth about US$1.07 billion plus contingent value rights tied to the Escobal mine.

  US$1.07B2 sources

• Nov 13, 2018

  Johnson Controls Power Solutions business

  Financial advisor to Brookfield; financing syndicate · Industrials

  Buyer Brookfield Business Partners and institutional partners, with CDPQ · Seller Johnson Controls International plc

  Brookfield Business Partners with institutional partners and CDPQ agreed to buy Johnson Controls' Power Solutions automotive battery business, funded with about $3 billion of equity and $10.2 billion of debt.

  Undisclosed2 sources

• Sep 19, 2018

  Mesquite Mine

  Financial advisor to New Gold · Mining

  Buyer Equinox Gold Corp. · Seller New Gold Inc.

  New Gold agreed to sell its Mesquite gold mine in California to Equinox Gold for US$158 million in cash.

  US$158M1 source

• Sep 5, 2018

  Nevsun Resources Ltd.

  Financial advisor to Nevsun · Mining

  Buyer Zijin Mining Group Co. Ltd.

  Zijin Mining agreed to make a friendly C$6.00-per-share cash take-over bid for Nevsun, valued at C$1.86 billion, topping Lundin Mining's hostile bid.

  C$1.86B1 source

• Aug 29, 2018

  Ballard Power Systems Inc.

  Financial advisor to Ballard · Clean Technology

  Buyer Weichai Power Co., Ltd.

  Weichai Power agreed to a strategic equity investment of about $163 million for a 19.9% stake in Ballard alongside a fuel-cell joint venture in China.

  US$163M1 source

• Aug 2, 2018

  Northern Empire Resources Corp.

  Exclusive financial advisor to Coeur · 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

• Aug 1, 2018

  Enercare Inc.

  Financial advisor to Brookfield · Utilities & Home Services

  Buyer Brookfield Infrastructure and institutional partners

  Brookfield Infrastructure agreed to acquire Enercare for C$29.00 per share in cash and units, a transaction valued at C$4.3 billion including debt.

  C$4.3B1 source

• Jul 31, 2018

  Forest City Realty Trust, Inc.

  Financial advisor to Brookfield; financing syndicate · Real Estate

  Buyer Brookfield Asset Management (real estate fund)

  A Brookfield real estate fund agreed to acquire Forest City for $25.35 per share in cash in an $11.4 billion transaction.

  US$11.4B1 source

• Jul 10, 2018

  Hiku Brands Company Ltd.

  Financial advisor to Hiku; fairness opinion to the board · Cannabis

  Buyer Canopy Growth Corporation

  Canopy Growth agreed to acquire Hiku Brands in an all-share arrangement at 0.046 Canopy shares per Hiku share.

  Undisclosed1 source

• May 14, 2018

  MedReleaf Corp.

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

  Buyer Aurora Cannabis Inc.

  Aurora Cannabis agreed to acquire MedReleaf in an all-share plan of arrangement, combining two of Canada's largest licensed cannabis producers.

  Undisclosed2 sources

• Apr 24, 2018

  Mitel Networks Corporation

  Committed debt financing and financial advisory services to Searchlight · Technology

  Buyer Searchlight Capital Partners (investor group)

  An investor group led by Searchlight Capital agreed to take Mitel private for US$11.15 per share in cash, valued at about US$2.0 billion including net debt.

  US$2B1 source

• Feb 27, 2018

  Student Transportation Inc.

  Exclusive financial advisor to the purchaser · Transportation

  Buyer CDPQ and Ullico Inc. (purchaser group)

  A purchaser group led by CDPQ with Ullico agreed to acquire Student Transportation for US$7.50 per share in cash by plan of arrangement.

  Undisclosed1 source

• Jan 9, 2018

  Pure Industrial Real Estate Trust

  Financial advisor to PIRET; fairness opinion to the special committee and board · Real Estate

  Buyer Blackstone Property Partners

  Blackstone Property Partners agreed to acquire industrial REIT PIRET for $8.10 per unit in cash by plan of arrangement, a transaction valued at about $3.8 billion.

  C$3.8B1 source

• Dec 14, 2017

  MacDon Industries Ltd. and Group of Companies

  Financial advisor to Linamar · Industrials (Agricultural Equipment)

  Buyer Linamar Corporation

  Linamar agreed to acquire harvesting equipment specialist MacDon for a C$1.2 billion cash purchase price, funded with a new term loan.

  C$1.2B1 source

• Oct 30, 2017

  Alterra Power Corp.

  Financial advisor to Innergex · Power & Renewables

  Buyer Innergex Renewable Energy Inc.

  Innergex agreed to acquire Alterra Power in a cash-and-share transaction valued at about $1.1 billion including Alterra's debt.

  C$1.1B1 source

• Oct 26, 2017

  Aecon Group Inc.

  Joint financial advisor to Aecon; fairness opinion · Construction & Infrastructure

  Buyer CCCC International Holding Limited (CCCI)

  Aecon agreed to be acquired by CCCI, a subsidiary of China Communications Construction, for $20.37 per share in cash.

  Undisclosed1 source

• Oct 11, 2017

  Alimentation Couche-Tard Inc. (shares held by Metro)

  Joint bookrunner on the block trade · Retail

  Buyer CDPQ / public investors / Couche-Tard · Seller METRO INC.

  Metro agreed to sell most of its Couche-Tard holding for about $1.55 billion through a bought block trade, a private sale to CDPQ and a repurchase by Couche-Tard.

  C$1.55B1 source

• Oct 2, 2017

  The Jean Coutu Group (PJC) Inc.

  Financial advisor to Metro · Retail (Grocery & Pharmacy)

  Buyer METRO INC.

  Metro agreed to acquire pharmacy chain Jean Coutu Group for $4.5 billion in cash and shares.

  C$4.5B1 source

• Sep 25, 2017

  Cenovus Suffield crude oil and natural gas operations

  Financial advisor to Cenovus · Energy (Oil & Gas)

  Buyer International Petroleum Corporation · Seller Cenovus Energy Inc.

  Cenovus agreed to sell its Suffield assets in southern Alberta to International Petroleum Corporation for $512 million in cash plus up to $36 million in deferred payments.

  C$512M1 source

• Sep 11, 2017

  Richmont Mines Inc.

  Financial advisor to Alamos and its board · Mining (Gold)

  Buyer Alamos Gold Inc.

  Alamos Gold agreed to acquire Richmont Mines in an all-share friendly transaction valued at about US$770 million (fully diluted equity value).

  US$770M1 source

• Sep 6, 2017

  Pengrowth remaining Swan Hills properties

  Financial advisor to Pengrowth · Energy (Oil & Gas)

  Seller Pengrowth Energy Corporation

  Pengrowth agreed to sell its remaining Swan Hills properties for $150 million, about $168 million including a deposit retained from an earlier terminated process.

  C$150M1 source

• Jul 19, 2017

  Hydro One Limited

  Co-lead underwriter · Utilities

  Hydro One sold $1.4 billion of 4.00% convertible debentures represented by instalment receipts on a bought-deal basis to help fund the Avista acquisition.

  C$1.4B1 source

• Jun 9, 2017

  Encana Piceance natural gas assets

  Financial advisor to Encana · Energy (Oil & Gas)

  Buyer Caerus Oil and Gas LLC · Seller Encana Corporation

  Encana agreed to sell its Piceance natural gas assets to Caerus for US$735 million in cash, also reducing its midstream commitments by about US$430 million.

  US$735M2 sources

• Jun 5, 2017

  Orion Mine Finance royalty and stream portfolio

  Financial advisor to Osisko · Mining (Royalties & Streams)

  Buyer Osisko Gold Royalties Ltd · Seller Orion Mine Finance

  Osisko Gold Royalties agreed to acquire a precious-metals royalty and stream portfolio from Orion Mine Finance for C$675 million in cash and C$450 million in Osisko shares.

  C$1.13B1 source

• May 15, 2017

  Integra Gold Corp.

  Fairness opinion to the special committee · Mining (Gold)

  Buyer Eldorado Gold Corporation

  Eldorado Gold agreed to acquire Integra Gold for cash and shares valued at about C$590 million.

  C$590M1 source

• Dec 12, 2016

  Canadian Natural's interest in the Cold Lake Pipeline (Cold Lake Limited Partnership)

  Financial advisor to Canadian Natural · Energy Infrastructure

  Buyer Inter Pipeline Ltd. · Seller Canadian Natural Resources Limited

  Canadian Natural agreed to sell its ownership interest in the Cold Lake Pipeline for $350 million in cash plus Inter Pipeline shares, about $527.5 million in total.

  C$528M1 source

• Nov 1, 2016

  TransCanada Corporation

  Co-lead underwriter · Energy Infrastructure

  TransCanada agreed a bought-deal offering of 54.75 million common shares at $58.50 for gross proceeds of about $3.2 billion, plus an over-allotment option.

  C$3.2B1 source

• Sep 6, 2016

  Spectra Energy Corp

  Joint lead financial advisor to the Spectra Energy board · Energy Infrastructure

  Buyer Enbridge Inc.

  Enbridge agreed to combine with Houston-based Spectra Energy in a stock-for-stock merger that valued Spectra common stock at about C$37 billion (US$28 billion).

  C$37B1 source

• Jul 7, 2016

  Postmedia Network Canada Corp.

  Financial advisor and fairness opinion to the Postmedia board · Media & Entertainment

  Postmedia announced support agreements for a CBCA recapitalization exchanging its second lien notes for equity and paying down and amending its first lien notes.

  Undisclosed1 source

• Apr 26, 2016

  Jinfeng gold mine (Eldorado interest)

  Financial advisor to Eldorado · Mining

  Buyer China National Gold Group (subsidiary) · Seller Eldorado Gold Corporation

  Eldorado agreed to sell its interest in China's Jinfeng gold mine to a China National Gold subsidiary for US$300 million in cash.

  US$300M1 source

• Feb 8, 2016

  Lake Shore Gold Corp.

  Financial advisor and fairness opinion to Lake Shore Gold · Mining

  Buyer Tahoe Resources Inc.

  Tahoe agreed to acquire Timmins-focused Lake Shore Gold in a share exchange implying an equity value of about C$945 million.

  C$945M2 sources

• Jan 11, 2016

  Enerplus Canadian natural gas properties (Alberta)

  Exclusive financial advisor to Enerplus · Oil & Gas

  Seller Enerplus Corporation

  Enerplus agreed to sell various Alberta natural gas properties for total cash consideration of about $193 million.

  C$193M1 source

• Nov 16, 2015

  Atlas Paper Holdings, Inc.

  Financial advisor to Resolute · Forest Products

  Buyer Resolute Forest Products Inc.

  Resolute acquired Florida tissue maker Atlas Paper for US$156 million including working capital, announcing and closing the deal the same day.

  US$156M1 source

• Oct 2015

  Hydro One Limited

  Underwriter · Utilities

  Seller Province of Ontario

  The Province of Ontario sold common shares of Hydro One Limited in an initial public offering on the TSX underwritten by a 16-dealer syndicate.

  Undisclosed2 sources

• Sep 10, 2015

  General Electric Capital Corporation's Transportation Finance business

  Financial advisor to BMO · Financial Services

  Buyer BMO Financial Group · Seller General Electric Capital Corporation

  BMO agreed to acquire GE Capital's U.S. and Canadian transportation finance business, which had about C$11.5 billion (US$8.7 billion) of net earning assets.

  Undisclosed1 source

• Jul 6, 2015

  Fission Uranium Corp.

  Strategic advisor to Fission · Mining

  Buyer Denison Mines Corp.

  Denison and Fission Uranium agreed to merge by plan of arrangement to combine Athabasca Basin uranium assets (the deal was later terminated after Fission shareholders did not approve it).

  Undisclosed2 sources

• Jun 19, 2015

  Enbridge Canadian Liquids Pipelines Business

  Financial advisor to ENF and the Fund · Energy Infrastructure

  Buyer Enbridge Income Fund · Seller Enbridge Inc.

  Enbridge agreed to transfer its Canadian Liquids Pipelines business to its sponsored vehicle Enbridge Income Fund for consideration valued at $30.4 billion, subject to a vote of Enbridge Income Fund Holdings public shareholders.

  C$30.4B1 source

• May 26, 2015

  Legacy Oil + Gas Inc.

  Financial advisor to Crescent Point · Oil & Gas

  Buyer Crescent Point Energy Corp.

  Crescent Point agreed to acquire Legacy Oil + Gas by plan of arrangement for about $1.53 billion including roughly $967 million of assumed net debt, alongside a $600 million bought-deal financing.

  C$1.53B1 source

• Feb 17, 2015

  Newstrike Capital Inc.

  Exclusive financial advisor and fairness opinion to Timmins Gold · 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

• Aug 26, 2014

  Portfolio of 15 retail and office properties in Quebec and Ontario

  Financial advisor to Cominar; co-lead underwriter of the $250 million bought deal · Real Estate

  Buyer Cominar Real Estate Investment Trust · Seller Ivanhoé Cambridge Inc.

  Cominar agreed to buy a 15-property portfolio from Ivanhoé Cambridge for $1.527 billion (up to $1.63 billion with third-party interests), funded partly by a $250 million bought-deal unit offering.

  C$1.53B1 source

• Apr 23, 2014

  CanEra Energy Corp.

  Financial advisor to Crescent Point · Oil & Gas

  Buyer Crescent Point Energy Corp.

  Crescent Point agreed to acquire private southeast Saskatchewan producer CanEra Energy for about $1.1 billion in shares, cash and assumed net debt.

  C$1.1B1 source

• Apr 16, 2014

  Osisko Mining Corporation

  Financial advisor to Osisko · Mining (Gold)

  Buyer Agnico Eagle Mines Limited and Yamana Gold Inc.

  Agnico Eagle and Yamana agreed to jointly acquire Osisko Mining for about C$3.9 billion (C$8.15 per share in cash, shares and a spinco), defeating Goldcorp's hostile bid; Yamana's earlier April 2 agreement with Osisko was terminated.

  C$3.9B2 sources

• Mar 31, 2014

  Longview Oil Corp.

  Financial advisor to Longview; fairness opinion · Oil & Gas

  Buyer Surge Energy Inc.

  Surge Energy and Longview Oil agreed to a $429 million strategic business combination by plan of arrangement.

  C$429M1 source

• Feb 27, 2014

  Coastal Contacts Inc.

  Financial advisor to the special committee · Retail / E-commerce

  Buyer Essilor International

  Essilor agreed to acquire online eyewear retailer Coastal.com for C$12.45 per share, a net equity value of about C$430 million.

  C$430M1 source

• Jan 28, 2014

  F&C Asset Management plc

  Financial advisor to BMO · Financial Services / Asset Management

  Buyer Bank of Montreal (BMO Financial Group)

  BMO agreed to acquire U.K. investment manager F&C Asset Management for about £708 million (C$1.3 billion).

  C$1.3B1 source

• Dec 16, 2013

  Brigus Gold Corp.

  Financial advisor to Primero · 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

• Nov 19, 2013

  Patheon Inc.

  Independent valuator and fairness opinion to the independent committee · Healthcare / Contract Manufacturing

  Buyer JLL/Delta Patheon Holdings, L.P. (JLL Partners and Royal DSM)

  Patheon agreed to be taken private at US$9.32 per share in cash by a JLL Partners/DSM vehicle, implying an equity value of about US$1.4 billion; an independent committee oversaw the process.

  US$1.4B1 source

• Jul 16, 2013

  Pengrowth Energy southeast Saskatchewan assets

  Financial advisor to Pengrowth on the southeast Saskatchewan sale · Oil & Gas

  Seller Pengrowth Energy Corporation

  Pengrowth entered agreements completing its $700 million non-core asset disposition program to fund its Lindbergh thermal project.

  C$510M1 source

• May 31, 2013

  GE Capital Canadian fleet portfolio

  Financial advisor to Element · Financial Services / Fleet Leasing

  Buyer Element Financial Corporation · Seller GE Capital

  Element Financial agreed to buy GE Capital's Canadian fleet portfolio for C$570 million and form a cross-border fleet services alliance with GE Capital.

  C$570M1 source

• May 31, 2013

  Rainy River Resources Ltd.

  Financial advisor to Rainy River; fairness opinion · Mining (Gold)

  Buyer New Gold Inc.

  New Gold agreed to acquire Ontario gold developer Rainy River Resources by a supported take-over bid in cash and shares valuing its in-the-money equity, net of cash, at about $310 million.

  C$310M1 source

• Apr 8, 2013

  ENMAX Envision Inc.

  Exclusive financial advisor to ENMAX in the sale process · Telecommunications

  Buyer Shaw Communications Inc. · Seller ENMAX Corporation

  Shaw agreed to acquire ENMAX's Calgary data communications subsidiary Envision for about $225 million.

  C$225M1 source

• Jan 24, 2013

  Alimentation Couche-Tard Inc. (10,000,000 Class B shares)

  Bookrunner of the block trade · Retail / Consumer

  Seller Metro Inc.

  Metro agreed to sell 10 million Alimentation Couche-Tard Class B shares, part of its holding, through a bought-deal block trade.

  Undisclosed1 source

• Jan 14, 2013

  Uranium One Inc.

  Financial advisor to ARMZ · Mining (Uranium)

  Buyer JSC Atomredmetzoloto (ARMZ)

  Uranium One agreed to a going-private transaction with its majority shareholder ARMZ at C$2.86 per share in cash, about C$1.3 billion to minority shareholders.

  C$1.3B1 source

• Dec 21, 2012

  Pengrowth 10.01952% working interest in the Weyburn unit

  Financial advisor to Pengrowth · Oil & Gas

  Seller Pengrowth Energy Corporation

  Pengrowth agreed to sell its non-core Weyburn working interest for expected proceeds of $315 million.

  C$315M1 source

• Oct 9, 2012

  Ocampo mine and 50% of Orion project

  Financial advisor to the special committee; fairness opinion · Mining

  Buyer Minera Frisco · Seller AuRico Gold Inc.

  AuRico agreed to sell its Ocampo mine and enter a joint venture on the Orion project with Minera Frisco for $750 million in cash.

  US$750M1 source

• Jul 23, 2012

  Nexen Inc.

  Financial advisor to CNOOC · Oil & Gas

  Buyer CNOOC Limited

  CNOOC agreed to acquire Nexen for US$27.50 per common share in cash, total cash consideration of about US$15.1 billion for its common and preferred shares.

  US$15.1B1 source

• Jun 28, 2012

  Progress Energy Resources Corp.

  Exclusive financial advisor to Progress; fairness opinion · Oil & Gas

  Buyer PETRONAS (PETRONAS Carigali Canada Ltd.)

  PETRONAS agreed to buy Progress Energy for C$20.45 per share in cash in a $5.5 billion transaction.

  C$5.5B1 source

• Jun 4, 2012

  Q9 Networks Inc.

  Financial advisor to Q9 · Technology

  Buyer BCE Inc. with Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners

  An investor group of Teachers', Providence and Madison Dearborn, with Bell, agreed to acquire data centre operator Q9 Networks for C$1.1 billion.

  C$1.1B1 source

• Apr 3, 2012

  Silvermex Resources Inc.

  Exclusive financial advisor to First Majestic; fairness opinion · Mining

  Buyer First Majestic Silver Corp.

  First Majestic agreed to acquire Silvermex in a friendly share-and-cash deal valuing Silvermex at about C$175.4 million.

  C$175M2 sources

• Mar 23, 2012

  NAL Energy Corporation

  Financial advisor to NAL; fairness opinion · Oil & Gas

  Buyer Pengrowth Energy Corporation

  Pengrowth and NAL Energy agreed a business combination by plan of arrangement; Scotiabank valued the transaction at about $1.9 billion.

  C$1.9B2 sources

• Feb 8, 2012

  Lake Shore Gold Corp.

  Financial advisor to Lake Shore Gold · Mining

  Buyer Franco-Nevada Corporation

  Franco-Nevada agreed to a $50 million royalty and equity investment in Lake Shore Gold, including a C$15 million private placement.

  C$50M1 source

• Jan 23, 2012

  Minefinders Corporation Ltd.

  Exclusive financial advisor to Minefinders and its board; fairness opinion · Mining

  Buyer Pan American Silver Corp.

  Pan American agreed to acquire Minefinders for cash and shares worth $15.60 per share, a total transaction value of about $1.5 billion.

  C$1.5B1 source

• Dec 18, 2011

  European Goldfields Limited

  Fairness opinion to the special committee and board · Mining

  Buyer Eldorado Gold Corporation

  Eldorado agreed to acquire European Goldfields in a share-based deal valued at about C$2.5 billion.

  C$2.5B1 source

• Nov 28, 2011

  Fibrek Inc.

  Financial advisor to Resolute · Packaging & Forest Products

  Buyer Resolute Forest Products (AbitibiBowater Inc.)

  Resolute announced a take-over bid for Fibrek at C$1.00 per share in cash and stock, valuing the offer at about C$130 million.

  C$130M1 source

• Nov 28, 2011

  Canmarc Real Estate Investment Trust

  Financial advisor to Cominar · Real Estate

  Buyer Cominar Real Estate Investment Trust

  Cominar announced an all-cash offer of $15.30 per unit for Canmarc REIT, later supported by Canmarc's special committee.

  Undisclosed3 sources

• Jul 13, 2011

  Primero Mining Corp.

  Independent fairness opinion to the special committee and board · Mining

  Buyer Northgate Minerals Corporation

  Northgate and Primero agreed to combine via a share exchange, with Northgate offering about $4.215 per Primero share.

  Undisclosed1 source

• Jun 6, 2011

  Compton Petroleum Corporation

  Financial advisor to Compton · Oil & Gas

  Compton proposed a recapitalization converting about US$240 million of notes to equity alongside a backstopped rights offering of about $50 million.

  Undisclosed1 source

• Feb 3, 2011

  Fronteer Gold Inc.

  Financial advisor to Newmont · Mining

  Buyer Newmont Mining Corporation

  Newmont agreed to acquire Fronteer Gold for cash, valuing Fronteer at about C$2.3 billion, with Fronteer's exploration assets spun out into Pilot Gold.

  C$2.3B1 source

• Dec 17, 2010

  Marshall & Ilsley Corporation

  Financial advisor to BMO · Banking

  Buyer BMO Financial Group (Bank of Montreal)

  BMO agreed to acquire Milwaukee-based Marshall & Ilsley in an all-stock deal valued at about US$4.1 billion.

  US$4.1B1 source

• Oct 5, 2010

  Atria Networks LP

  Senior financial advisor to Birch Hill · Telecommunications

  Buyer Rogers Communications Inc. · Seller Birch Hill Equity Partners

  Rogers agreed to acquire Ontario fibre-optic network operator Atria Networks for $425 million in cash from owners including Birch Hill.

  C$425M1 source

• Sep 17, 2010

  Continental Minerals Corporation

  Sole financial advisor to Continental · Mining

  Buyer Jinchuan Group Ltd

  Jinchuan Group agreed to acquire Continental Minerals by plan of arrangement for cash of about C$432 million.

  C$432M1 source

• Sep 2, 2010

  Andean Resources Limited

  Financial advisor to Andean · Mining

  Buyer Goldcorp Inc.

  Goldcorp agreed to acquire Andean Resources, owner of the Cerro Negro project in Argentina, for about C$3.6 billion in cash and shares.

  C$3.6B1 source

• Aug 2, 2010

  Red Back Mining Inc.

  Senior financial advisor to Kinross; fairness opinion · Mining

  Buyer Kinross Gold Corporation

  Kinross agreed to combine with Red Back Mining in a friendly share deal valued at about US$7.1 billion.

  US$7.1B1 source

• Jul 15, 2010

  Terrane Metals Corp.

  Financial advisor to Goldcorp (controlling shareholder) · Mining

  Buyer Thompson Creek Metals Company Inc.

  Thompson Creek agreed to acquire Terrane Metals, owner of the Mt. Milligan project, for consideration of about C$650 million; Goldcorp supported the deal as controlling holder.

  C$650M2 sources

• Oct 14, 2009

  Aquiline Resources Inc.

  Financial advisor to Aquiline's special committee; fairness opinion · Mining

  Buyer Pan American Silver Corp.

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

  C$626M1 source

• Jun 5, 2009

  Klondex Mines Ltd.

  Financial advisor to Silvercorp · Mining

  Buyer Silvercorp Metals Inc.

  Silvercorp announced its intention to make a share-exchange offer for Klondex Mines, valuing Klondex at about C$70 million.

  C$70M1 source

• Apr 14, 2009

  La Preciosa silver project joint venture (Orko Silver)

  Financial adviser to Orko; fairness opinion · Mining

  Buyer Pan American Silver Corp. · Seller Orko Silver Corp.

  Pan American Silver and Orko Silver agreed to form a joint venture to advance the La Preciosa silver project, with a concurrent private placement.

  Undisclosed1 source

• Mar 31, 2009

  Profound Energy Inc.

  Exclusive financial advisor to PET · Energy

  Buyer Paramount Energy Trust

  Paramount Energy Trust agreed to make a supported take-over bid for Profound Energy for cash, trust units or a combination.

  Undisclosed2 sources

• Mar 12, 2009

  Capital Gold Corporation

  Financial advisor to Gammon Gold · Mining

  Buyer Gammon Gold Inc.

  Gammon Gold signed a letter of intent to acquire Capital Gold in an all-share deal at 0.1028 Gammon shares per Capital Gold share.

  Undisclosed1 source

• Mar 4, 2009

  Western Goldfields Inc.

  Financial advisor to Western Goldfields · Mining

  Buyer New Gold Inc.

  New Gold agreed to acquire Western Goldfields by plan of arrangement in a one-for-one share exchange.

  Undisclosed1 source

• Jan 26, 2009

  PDX Resources Inc.

  Financial advisor to Detour Gold · Mining

  Buyer Detour Gold Corporation

  Detour Gold agreed to amalgamate with its largest shareholder PDX Resources, issuing 0.2571 Detour shares per PDX share.

  Undisclosed1 source

• Jul 31, 2008

  Gold Eagle Mines Ltd.

  Financial advisor to Gold Eagle · Metals & Mining

  Buyer Goldcorp Inc.

  Goldcorp agreed to acquire Gold Eagle and its Bruce Channel discovery by plan of arrangement for about $1.5 billion.

  C$1.5B1 source

• Jan 2008

  Tembec Inc.

  Financial advisor to Tembec; fairness opinion · Forest Products

  Tembec proposed a plan-of-arrangement recapitalization exchanging its senior notes largely for new equity.

  Undisclosed1 source

• Dec 6, 2007

  Northern Peru Copper Corp.

  Sole financial advisor to the offerors · Metals & Mining

  Buyer China Minmetals and Jiangxi Copper

  China Minmetals and Jiangxi Copper agreed to bid C$13.75 per share in cash for Northern Peru Copper, valuing it at about C$455 million.

  C$455M1 source

• Oct 31, 2007

  Canetic Resources Trust

  Financial advisor to Canetic; fairness opinion · Oil & Gas

  Buyer Penn West Energy Trust

  Penn West and Canetic agreed to merge, creating North America's largest conventional oil and gas trust with an enterprise value above C$15 billion.

  Undisclosed2 sources

• Oct 9, 2007

  Miramar Mining Corporation

  Sole financial advisor to Miramar · Metals & Mining

  Buyer Newmont Mining Corporation

  Newmont agreed to acquire Miramar for C$6.25 per share in cash by take-over bid, valuing it at about C$1.5 billion.

  C$1.5B1 source

• Jun 30, 2007

  BCE Inc.

  Financial advisor to BCE · Telecommunications

  Buyer Investor group led by Teachers' Private Capital (OTPP), Providence Equity Partners and Madison Dearborn Partners

  BCE agreed to an all-cash C$42.75 per share leveraged buyout by an OTPP-led consortium valued at C$51.7 billion including debt and preferred equity.

  C$51.7B2 sources

• Jun 27, 2007

  Meridian Gold Inc.

  Financial advisor to Meridian; inadequacy opinion · Metals & Mining

  Buyer Yamana Gold Inc. (unsolicited offer)

  Yamana made an unsolicited cash-and-share bid for Meridian Gold; Meridian's board engaged advisors and recommended rejection of the initial offer.

  Undisclosed2 sources

• Jun 11, 2007

  Peru Copper Inc.

  Financial advisor to Chinalco · Metals & Mining

  Buyer Aluminum Corporation of China (Chinalco)

  Chinalco agreed to make a friendly C$6.60 per share cash take-over bid for Peru Copper, with a concurrent C$70 million private placement.

  Undisclosed1 source

• Jun 4, 2007

  Energy Metals Corporation

  Exclusive financial advisor to Uranium One · Uranium

  Buyer Uranium One Inc.

  Uranium One agreed to acquire Energy Metals by plan of arrangement at 1.15 Uranium One shares per share (C$19.12 per share at signing).

  Undisclosed1 source

• Apr 4, 2007

  Rio Narcea Gold Mines, Ltd.

  Financial advisor to Rio Narcea; fairness opinion · Metals & Mining

  Buyer Lundin Mining Corporation

  Lundin Mining and Rio Narcea entered a support agreement for a cash take-over bid by Lundin; Red Back Mining took an option on the Tasiast mine.

  Undisclosed2 sources

• Feb 6, 2007

  TransCanada Corporation

  Joint bookrunner and co-lead underwriter · Energy Infrastructure

  Bought-deal offering of 39.47 million subscription receipts at C$38.00 each (about C$1.5 billion) by TransCanada.

  C$1.5B1 source

• Dec 2006

  IAMGOLD bauxite interests in Guyana

  Financial advisor to IAMGOLD · Mining & Metals

  Buyer Bosai Minerals Group · Seller IAMGOLD Corporation

  IAMGOLD agreed to sell its interests in Guyanese bauxite assets to China's Bosai Minerals Group for $46 million.

  US$46M1 source

• Nov 6, 2006

  Bema Gold Corporation

  Financial advisor to the Bema special committee; fairness opinion · Mining & Metals

  Buyer Kinross Gold Corporation

  Kinross agreed to acquire Bema Gold by plan of arrangement (0.4447 Kinross share per Bema share) in a US$3.1 billion transaction.

  US$3.1B2 sources

• Sep 14, 2006

  Cambior Inc.

  Financial advisor to Cambior; fairness opinion · Mining & Metals

  Buyer IAMGOLD Corporation

  IAMGOLD agreed to acquire Cambior by plan of arrangement in what the companies called a US$3 billion transaction creating a leading global gold producer.

  Undisclosed2 sources

• Aug 31, 2006

  Glamis Gold Ltd.

  Strategic advisor to Goldcorp · Mining & Metals

  Buyer Goldcorp Inc.

  Goldcorp agreed to acquire Glamis by plan of arrangement (1.69 Goldcorp shares per Glamis share), billed as a US$21.3 billion combination creating a premier gold miner.

  Undisclosed2 sources

• Jul 24, 2006

  Contact Diamond Corporation

  Financial advisor and dealer manager to Stornoway · Mining & Metals

  Buyer Stornoway Diamond Corporation

  Stornoway announced take-over bids for Contact Diamond and Ashton Mining; Contact's special committee obtained a formal valuation and fairness opinion on the Stornoway offer.

  Undisclosed3 sources

• Jul 24, 2006

  Ashton Mining of Canada Inc.

  Financial advisor to Stornoway · 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

• Jun 9, 2006

  Royal Group Technologies Limited

  Independent financial advisor to the special committee; fairness opinion · Industrials

  Buyer Georgia Gulf Corporation

  Georgia Gulf agreed to acquire Royal Group by plan of arrangement, paying about $1.2 billion for the common shares, after a year-long sale process.

  C$1.2B1 source

• May 11, 2006

  Canada Southern Petroleum Ltd.

  Exclusive financial advisor to Petro-Canada · Oil & Gas

  Buyer Petro-Canada

  Petro-Canada announced an unsolicited US$7.50-per-share cash offer for Canada Southern (about US$113 million); Canada Southern rejected it and later accepted a higher bid from Canadian Oil Sands.

  US$113M2 sources

• 2006

  Ketch Resources Trust

  Financial advisor to Ketch; fairness opinion · Oil & Gas

  Buyer Advantage Energy Income Fund

  Advantage and Ketch merged by plan of arrangement, creating a gas-weighted trust with enterprise value of about $2.7 billion, while Advantage internalized its management.

  Undisclosed1 source

• Nov 10, 2005

  Cascadia Forest Products Ltd.

  Financial advisor to Western's board · Forest Products

  Buyer Western Forest Products Inc. · Seller Brascan / Tricap

  Western Forest Products agreed to acquire Cascadia from related party Tricap/Brascan and recapitalize, creating a coastal B.C. producer with 1.5 billion board feet of capacity.

  Undisclosed1 source

• Oct 5, 2005

  Carlota Copper Project

  Financial advisor to Cambior · Mining & Metals

  Buyer Quadra Mining Ltd. · Seller Cambior Inc.

  Cambior agreed to sell the Carlota copper project to Quadra Mining for $37.5 million in cash and gold payments.

  Undisclosed1 source

• Aug 15, 2005

  Kensington Resources Ltd.

  Financial advisor to the Kensington special committee; fairness opinion · Mining & Metals

  Buyer Shore Gold Inc.

  Shore Gold agreed to combine with Kensington Resources by plan of arrangement, making Kensington a wholly-owned subsidiary.

  Undisclosed2 sources

• May 11, 2005

  Call-Net Enterprises Inc.

  Financial advisor to Call-Net; fairness opinion · Telecommunications

  Buyer Rogers Communications Inc.

  Rogers agreed to acquire Call-Net in an all-share plan of arrangement (one RCI share per 4.25 Call-Net shares), a fully diluted equity value of about $330 million.

  C$330M1 source

• May 4, 2005

  Aurora Platinum Corp.

  Financial advisor to FNX · Mining & Metals

  Buyer FNX Mining Company Inc.

  FNX agreed to acquire Aurora Platinum by share-exchange arrangement valuing Aurora at about C$39 million.

  C$39M1 source

• Mar 23, 2005

  Northeast Alberta natural gas properties

  Financial advisor to PET · Oil & Gas

  Buyer Paramount Energy Trust

  Paramount Energy Trust agreed to a $290 million acquisition of 48 MMcf/d of natural gas production in northeast Alberta.

  C$290M1 source

• Dec 6, 2004

  Wheaton River Minerals Ltd.

  Additional financial advisor to Wheaton River on the Goldcorp offer · Mining & Metals

  Buyer Goldcorp Inc.

  Goldcorp and Wheaton River agreed to combine via a Goldcorp share-exchange offer for Wheaton, creating a low-cost million-ounce gold producer; the deal survived a rival unsolicited proposal from Glamis.

  Undisclosed3 sources

• Dec 2004

  Paramount Resources Ltd. (Kaybob and Marten Creek assets)

  Financial advisor to Paramount; fairness opinion · Oil & Gas

  Paramount's board approved spinning out its Kaybob and Marten Creek properties into a new energy trust distributed to shareholders.

  Undisclosed2 sources

• Jul 13, 2004

  Magna Entertainment Corp. (minority shares)

  Financial advisor to MID · Gaming & Leisure

  Buyer MI Developments Inc.

  MI Developments made an unsolicited proposal to acquire the Class A shares of Magna Entertainment it did not own.

  Undisclosed2 sources

• Jun 15, 2004

  BreitBurn Energy, LLC

  Financial advisor to Provident · Oil & Gas

  Buyer Provident Energy Trust

  Provident acquired Los Angeles-based BreitBurn Energy for C$190 million, becoming the first Canadian energy trust to enter the U.S.

  C$190M1 source

• Jun 9, 2004

  Prima Energy Corporation

  Exclusive financial advisor to Petro-Canada · Oil & Gas

  Buyer Petro-Canada

  Petro-Canada agreed to acquire Prima Energy for US$39.50 per share in cash, a total of about US$534 million.

  US$534M2 sources

• Jun 8, 2004

  IAMGOLD Corporation

  Financial advisor to Golden Star · Mining & Metals

  Buyer Golden Star Resources Ltd.

  Golden Star announced an unsolicited share-exchange offer for IAMGOLD as an alternative to the IAMGOLD-Wheaton combination; IAMGOLD's special committee deemed it inadequate.

  Undisclosed2 sources

• 2004

  Rogers Wireless Communications Inc. (minority shares)

  Financial advisor to the independent committee; formal valuation and fairness opinion · Telecommunications

  Buyer Rogers Communications Inc.

  Rogers Communications made an exchange offer for the publicly held Rogers Wireless restricted voting shares after buying AT&T Wireless's stake; an independent committee obtained a formal valuation.

  Undisclosed2 sources

• 2004

  Riverside Forest Products Limited

  Opinion to the Riverside board on the Tolko offer · Forest Products

  Buyer Tolko Industries Ltd.

  Tolko made an unsolicited C$29.00-per-share offer for the Riverside shares it did not own; Riverside's board recommended rejection and pursued alternatives.

  Undisclosed1 source

• Feb 2003

  Canada Life Financial Corporation

  Financial advisor to Canada Life; fairness opinion · Insurance

  Buyer Great-West Lifeco Inc.

  Great-West Lifeco agreed in February 2003 to acquire Canada Life for cash and Lifeco shares after Canada Life weighed alternatives to the Manulife bid; BMO Nesbitt Burns and CSFB each gave fairness opinions dated Feb. 14, 2003 to the Canada Life board.

  Undisclosed1 source

• Dec 9, 2002

  Canada Life Financial Corporation

  Financial advisor to the Canada Life board · Insurance

  Buyer Manulife Financial Corporation

  Manulife announced an unsolicited offer for Canada Life valued at $6.4 billion; Canada Life later agreed instead to combine with Great-West Lifeco.

  C$6.4B2 sources

• Dec 2002

  Cognicase Inc.

  Financial advisor to the Cognicase special committee · Technology - IT Services

  Buyer CGI Group Inc.

  CGI launched a cash-or-share take-over bid for fellow Montreal IT services firm Cognicase after locking up a major shareholder on Dec. 6, 2002; Cognicase's special committee hired BMO Nesbitt Burns, and the companies later signed a support agreement.

  Undisclosed2 sources

• Oct 2002

  Fording Inc.

  Financial advisor and dealer manager to the offeror · Mining - Coal

  Buyer Sherritt Coal Acquisition Inc. (Sherritt International / Ontario Teachers' Pension Plan)

  Sherritt International and Ontario Teachers' Pension Plan launched an unsolicited $29.00-per-share cash bid for Fording on Oct. 25, 2002, later enhanced, setting off a contest that ended in the Fording Canadian Coal Trust restructuring.

  Undisclosed2 sources

• Oct 2002

  Repadre Capital Corporation

  Fairness opinion to the Repadre board · Mining - Gold

  Buyer IAMGOLD Corporation

  IAMGOLD and gold-royalty company Repadre agreed to combine by plan of arrangement; BMO Nesbitt Burns delivered a fairness opinion to the Repadre board.

  Undisclosed1 source

• Aug 26, 2002

  Extensity, Inc.

  Fairness opinion to Geac · Technology - Software

  Buyer Geac Computer Corporation Limited

  Geac agreed to acquire Extensity in a cash-or-share merger valued at roughly US$46-47 million.

  US$46.2M1 source

• Jun 10, 2002

  Echo Bay Mines Ltd. and TVX Gold Inc.

  Financial advisor to TVX · Mining - Gold

  Buyer Kinross Gold Corporation

  Kinross, Echo Bay and TVX agreed to a three-way combination, with Kinross also acquiring Newmont's interest in the TVX Newmont Americas joint venture, creating a senior North American gold producer.

  Undisclosed1 source

• Dec 21, 2001

  Paralex, Inc.

  Financial advisor to the Cardiome board; fairness opinion · Healthcare - Biotech

  Buyer Cardiome Pharma Corp.

  Cardiome (formerly Nortran Pharmaceuticals) agreed to acquire Paralex for up to 33.3 million Cardiome shares; BMO Nesbitt Burns gave the board a fairness opinion on the price.

  Undisclosed1 source

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.