Copper Mountain Mining Corporation’s acquisition of Altona Mining


Clayton Utz has advised Toronto Stock Exchange (TSX) listed Canadian copper producer Copper Mountain Mining Corporation (CMMC) on its scrip for scrip acquisition of ASX-listed Altona Mining by scheme of arrangement, and its subsequent secondary listing on the Australian Securities Exchange.

Under the Altona acquisition, CMMC has acquired a development project, a large mineral land tenure position in Queensland and A$30 million in cash, creating a leading dual TSX and ASX listed copper producer.

Copper Mountain Mining Corporation, led by James Calhoun O’Rourke, Gilmour Clausen and Rodney A Shier explores for and develops mineral properties. The Company’s main interest is a copper mining project. In 2017, the company recorded C$304 Million Revenues.

Perth-based partner Brett Cohen (Picture) and special counsel Liz Humphry led the firm’s advisory team, which included lawyer Milana Drca. Brisbane-based partner Stuart MacGregor and senior associate Patrick Cranley led the due diligence of Altona’s Queensland assets, and partner Cameron Belyea and lawyer Alex Snell led the court aspects of the scheme process.

Leading Vancouver firm Farris, Vaughan, Wills & Murphy LLP advised CMMC as lead Canadian counsel.

Involved fees earner: Brett Cohen – Clayton Utz; Liz Humphry – Clayton Utz; Stuart MacGregor – Clayton Utz; Cameron Belyea – Clayton Utz;

Law Firms: Clayton Utz;

Clients: Copper Mountain Mining Corporation;

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Author: Michael Patrini