18 publicly disclosed transactions where Maxit Capital played an advisory, financing or investing role, most recent first.
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.
