Moneta Gold and Nighthawk Gold Complete At-Market Merger to form STLLR Gold Inc. (opens in a new tab)
Completion release naming Maxit Capital LP and Evans & Evans as Moneta's financial advisors.
Canadian Investment Bank
Toronto independent investment and merchant bank focused on M&A, hostile defence and financing advice to metals and mining companies.
Maxit Capital is a Toronto-based independent investment and merchant bank founded in 2013 by Bob Sangha. It advises metals and mining companies on M&A, takeover defence, valuations and fairness opinions, joint ventures and financings, including royalties and streams. Its official track record includes advice on large gold-sector combinations, such as a $24.0 billion merger with Agnico Eagle and Osisko Mining's hostile defence against Goldcorp. It also runs a merchant banking business. The team is small, with about nine named professionals working from a single office at Brookfield Place, and hires full-time analysts and associates.
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Mergers and acquisitions, sales and divestitures, formal valuations and fairness opinions, joint ventures and strategic alliances, spin-offs and restructurings for mining companies worldwide.
Advice to targets and bidders on take-over bids and proxy contests; principals cite more than 20 such transactions.
Independent advice on private placements of debt and equity and alternative financing such as royalties and streams.
Principal investing in mining opportunities; the merchant banking site section is for investors only (login).
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Reasons that work in interviews
3 reasons for Maxit Capital
At this size the interviewer is usually a founding partner, so a reason assembled from the firm’s homepage will not survive. Build the answer from four things instead, in order: one named transaction from their tombstones and what you found interesting about it; who you would report to, and what you want to learn from them specifically; why small, in your own words, tied to something you have actually done; and why this sector or region, if the firm has one.
A very small team advising on large mining M&A, which is the clearest example in Canada of mandate size being decoupled from headcount.
Founded by senior mining bankers who left bank platforms, so the work is done rather than delegated.
If mining M&A is the interest, this is the most concentrated version of it.
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Programs
Full-time Analyst / Associate · Toronto
The careers page says Maxit is continuously seeking full-time analysts and associates and accepts résumés by email; only candidates selected for interview are contacted. No summer or co-op program is published.
Typical background
GuidanceNo prior finance experience required.
Maxit Capital works as one generalist team: bankers staff deals across these sectors rather than joining a group, so there is no group to pick when you apply. Toronto independent advisory and merchant bank focused on metals and mining; Corporate Advisory is presented as three practices.
Mergers & AcquisitionsHostile TransactionsFinancings & Capital Raisings
Chief Executive Officer
Maxit Capital (Toronto)
Founded Maxit Capital in 2013 and has more than 20 years in mining investment banking. He now focuses on merchant banking opportunities and on advising existing clients. He is a CFA charterholder with an MBA and JD from UBC and a BBA from Simon Fraser.
Managing Partner
Maxit Capital (Toronto)
Joined Maxit in 2014 after five years in Dundee Capital Markets' mining investment banking team. He has advised on corporate, asset and joint-venture M&A, hostile situations on both sides, and equity and structured financings. He is a CPA, CA and CFA charterholder with MAcc and BAFM degrees from Waterloo.
Managing Partner
Maxit Capital (Toronto)
Joined Maxit in 2017 after more than 15 years in GMP's mining investment banking team, where he worked on deals including Goldcorp's acquisition of Wheaton River and Potash One's sale to K+S. He holds a Queen's BSc and a Schulich MBA.
Managing Partner
Maxit Capital (Toronto)
Spent over 22 years in banking at TD Securities, advising TSX-listed miners and Latin American conglomerates on M&A, equity and debt. He also spent seven years leading strategy, M&A and financing at a TSX-listed gold company he helped create. He holds a Rotman MBA.
Managing Partner
Maxit Capital (Toronto)
Capital markets and M&A professional who was previously a partner at Sprott Capital Partners, a managing director at Primary Capital, head of equity sales and trading at Dundee Securities, and head of institutional equity sales at Macquarie Canada. He also served as president and later chair of Khiron Life Sciences from 2018.
Managing Partner
Maxit Capital (Toronto)
Joined Maxit in 2014 from Dundee Capital Markets' mining investment banking team and has more than a decade in metals and mining banking. He holds an Ivey HBA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Dec 12, 2024
O3 Mining Inc.
Financial advisor to O3 Mining; fairness opinion to the board · Mining (gold)
Buyer Agnico Eagle Mines Limited
Agnico Eagle agreed to make a friendly all-cash take-over bid for O3 Mining at C$1.67 per share, valuing O3 at about C$204 million on a fully diluted in-the-money basis.
Aug 12, 2024
Osisko Mining Inc.
Financial advisor to Osisko Mining; fairness opinion to the board · Mining (gold)
Buyer Gold Fields Limited
Gold Fields agreed to acquire Osisko Mining for C$4.90 per share in cash (about C$2.16 billion fully diluted), consolidating full ownership of the Windfall project.
Closed Feb 6, 2024
Nighthawk Gold Corp.
Financial advisor to Moneta (with Evans & Evans) · Gold exploration and development
Buyer Moneta Gold Inc. (renamed STLLR Gold Inc.)
At-market merger by plan of arrangement: STLLR (formerly Moneta) acquired Nighthawk at 0.21 STLLR share per Nighthawk share. The Maxit track record lists it as a $180 million (currency not stated) merger with Nighthawk creating STLLR Gold.
Nov 13, 2023
Marathon Gold Corporation
Financial advisor to Marathon · Mining
Buyer Calibre Mining Corp.
Calibre agreed to acquire Marathon Gold, developer of the Valentine gold project, in an all-share deal worth about C$345 million, plus a C$40 million concurrent financing.
Jul 20, 2022
NewRange Copper Nickel LLC (NorthMet and Mesaba)
Independent financial advisor; fairness opinion to the special committee · Mining (Copper-Nickel)
Buyer PolyMet Mining Corp. and Teck Resources Limited
PolyMet and Teck agreed to form a 50:50 joint venture combining the NorthMet and Mesaba copper-nickel projects in Minnesota.
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.
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.
Mar 23, 2020
SEMAFO Inc.
Financial advisor to SEMAFO; fairness opinion to the SEMAFO 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.
Dec 2, 2019
Continental Gold Inc.
Financial advisor to the target · Mining (Gold)
Buyer Zijin Mining Group Co., Ltd.
Zijin agreed to acquire Continental Gold for C$5.50 per share in cash, about C$1.4 billion.
Nov 25, 2019
Detour Gold Corporation
Financial advisor to the acquirer (per circular) · 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.
Sep 23, 2019
Barkerville Gold Mines Ltd.
Financial advisor to the target; fairness opinion · Mining (Gold)
Buyer Osisko Gold Royalties Ltd
Osisko agreed to acquire the Barkerville shares it did not own in an all-share deal implying C$0.58 per share and a total equity value of about C$338 million.
Feb 8, 2019
Golden Queen Mining Holdings Inc. (holder of 50% of Golden Queen Mining, LLC)
Financial advisor to the company · Mining (Gold)
Buyer Clay family purchaser group · Seller Golden Queen Mining Co. Ltd.
Golden Queen agreed to sell its subsidiary holding 50% of Golden Queen Mining, LLC to a Clay-family purchaser group, with consideration including extinguishment of about US$26.6 million owed to the purchaser.
Mar 19, 2018
Klondex Mines Ltd.
Financial advisor to the independent committee; fairness opinion · Mining
Buyer Hecla Mining Company
Hecla Mining agreed to acquire Klondex Mines by plan of arrangement, with Klondex's Canadian exploration assets spun out to shareholders.
Sep 11, 2017
Richmont Mines Inc.
Financial advisor to Richmont 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).
Jun 5, 2017
Orion Mine Finance royalty and stream portfolio
Lead financial advisor to Osisko; fairness opinion · 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.
Mar 27, 2017
Agnico Eagle Mines Limited
Financial advisor to Agnico Eagle on the offering · Mining (Gold)
Agnico Eagle agreed to sell US$220 million of common shares to a single institutional investor.
Apr 13, 2015
AuRico Gold Inc.
Financial advisor and fairness opinion to the Alamos board · Mining
Buyer Alamos Gold Inc.
Alamos and AuRico agreed to combine by plan of arrangement to create an intermediate gold producer and spin out a new company holding the Kemess project and royalties.
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.
Completion release naming Maxit Capital LP and Evans & Evans as Moneta's financial advisors.
Bob Sangha founded Maxit as an independent, conflict-free advisor to the mining sector.
No sourced people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Agnico Eagle Mines Limited and O3 Mining Inc. via CNW · Dec 12, 2024 · newswire.ca
Osisko Mining Inc. via GlobeNewswire · Aug 12, 2024 · globenewswire.com
Gold Fields Limited via CNW · Aug 12, 2024 · newswire.ca
STLLR Gold Inc. via Business Wire · Feb 6, 2024 · businesswire.com
Calibre Mining Corp. and Marathon Gold Corporation via GlobeNewswire · Nov 13, 2023 · globenewswire.com
Teck Resources (SEC 6-K) · Jul 20, 2022 · sec.gov
PolyMet Mining (SEC 6-K) · Jul 20, 2022 · sec.gov
Agnico Eagle Mines Limited (Form 6-K, SEC EDGAR) · Sep 28, 2021 · sec.gov
GT Gold Corp. via GlobeNewswire · Mar 10, 2021 · globenewswire.com
Endeavour Mining Corporation via GlobeNewswire · Jul 2, 2020 · globenewswire.com
Endeavour Mining Corporation via GlobeNewswire · Mar 23, 2020 · globenewswire.com
Kirkland Lake Gold Ltd. (Form 6-K, Exhibit 99.3) · Dec 24, 2019 · sec.gov
Zijin Mining Group and Continental Gold Inc. via CNW · Dec 2, 2019 · newswire.ca
Kirkland Lake Gold Ltd. (Form 6-K, Exhibit 99.1) · Nov 25, 2019 · sec.gov
Osisko Gold Royalties Ltd (Form 6-K, Exhibit 99.1, via GlobeNewswire) · Sep 23, 2019 · sec.gov
Golden Queen Mining Co. Ltd. (Form 8-K, Exhibit 99.1) · Feb 8, 2019 · sec.gov
Klondex Mines Ltd. (SEC Form DEFM14A) · Jun 12, 2018 · sec.gov
Klondex Mines Ltd. (SEC Form 8-K exhibit 2.1) · Mar 19, 2018 · sec.gov
Alamos Gold Inc. (SEC 6-K exhibit) · Sep 11, 2017 · sec.gov
Osisko Gold Royalties Ltd (SEC 6-K exhibit) · Jun 5, 2017 · sec.gov
Agnico Eagle Mines Limited (SEC 6-K exhibit) · Mar 27, 2017 · sec.gov
Alamos Gold via SEC EDGAR (6-K Ex. 99.1) · Apr 13, 2015 · sec.gov
Agnico Eagle Mines Limited via CNW · Apr 16, 2014 · newswire.ca
Yamana Gold Inc. (Form 6-K, SEC EDGAR) · Apr 2, 2014 · sec.gov
Maxit Capital · Date unavailable · maxitcapital.com
Maxit Capital · Date unavailable · maxitcapital.com
Maxit Capital · Date unavailable · maxitcapital.com
Maxit Capital · Date unavailable · maxitcapital.com
Maxit Capital · Date unavailable · maxitcapital.com
Maxit Capital · Date unavailable · maxitcapital.com
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