Endeavour Mining Corp.’s C$2.44 Billion Acquisition of Teranga Gold Corporation

McCarthy Tétrault advised Endeavour in the acquisition.

On February 11, 2021, Endeavour Mining Corporation and Teranga Gold Corporation completed their agreement for a C$2.44B acquisition by Endeavour of all of the issued and outstanding securities of Teranga, creating a top 10 senior gold producer. The all-stock deal was carried out by way of plan of arrangement under the CBCA, pursuant to which Teranga shareholders received 0.470 of an Endeavour ordinary share for each one Teranga common share.

Both Teranga and Endeavour have substantial mining assets in West Africa. The transaction is said to create a top 10 senior gold producer in the world.

Production will be diversified across six flagship mines in three different countries; Burkina Faso, Senegal, and Côte d’Ivoire.

The McCarthy Tétrault team included Eva Bellissimo (Picture) and Shea Small that included Claire Lehan, Chris Langdon, Ainslie Hurd, Michael Shahinian, Konstantin Sobolevski, Matthew Sanders and Karl Bherer (Business), Dominique Amyot-Bilodeau (Environment), Jason Gudofsky and Erin Keogh (Competition), Raj Juneja, Kim Brown and Emily Leduc Gagné (Tax), Ben Aberant and Ben Ratelband (Employment), and Jaclyn Wang.

Involved fees earner: Benjamin Aberant – McCarthy Tétrault; Dominique Amyot-Bilodeau – McCarthy Tétrault; Eva Bellissimo – McCarthy Tétrault; Karl Bherer – McCarthy Tétrault; Kim Brown – McCarthy Tétrault; Emily Leduc Gagne – McCarthy Tétrault; Jason Gudofsky – McCarthy Tétrault; Ainslie Hurd – McCarthy Tétrault; Raj Juneja – McCarthy Tétrault; Erin Keogh – McCarthy Tétrault; Christopher Langdon – McCarthy Tétrault; Claire Lehan – McCarthy Tétrault; Ben Ratelband – McCarthy Tétrault; Matthew Sanders – McCarthy Tétrault; Michael Shahinian – McCarthy Tétrault; Shea Small – McCarthy Tétrault; Konstantin Sobolevski – McCarthy Tétrault;

Law Firms: McCarthy Tétrault;

Clients: Endeavour Mining Corporation;

Martina Bellini

Author: Martina Bellini