Epiroc Canada Holding Inc.’s Acquisition of MineRP Holdings Inc.

BLG represented Epiroc on its acquisition of 100% of MineRP Holdings Inc.

On May 3, 2021, Epiroc Canada MineRP Holding Inc., a subsidiary of Epiroc Rock Drills AB (Epiroc), completed the acquisition of 100% of MineRP Holdings Inc. from Dundee Precious Metals Inc. (TSX: DPM) (DPM or the Company).

Consideration for DPM’s 73.7% equity interest in MineRP and the repayment of DPM shareholder loans consists of (i) approximately $41 million in cash on closing subject to a working capital adjustment following closing (the “Cash Proceeds”) and (ii) potential additional proceeds in the form of an earn-out conditional on the achievement of certain revenue targets by MineRP in 2021 and 2022. The Cash Proceeds are net of certain amounts to be placed in escrow on closing to secure against any post closing adjustments related to working capital and any potential breaches in representations and warranties for a period of 60 days and 2 years, respectively.

The BLG team was led by Stefan Timms (Picture) that included Kyle Denomme, Pierre Permingeat, Pam Odina and Steve Suarez (Tax); Genevieve Bergeron (Intellectual Property), Denes Rothschild (Competition); Max Jarvie (Corporate Commercial); and Andrew Guerrisi (Commercial Real Estate).

Involved fees earner: Geneviève Bergeron – Borden Ladner Gervais; Kyle Denomme – Borden Ladner Gervais; Andrew Guerrisi – Borden Ladner Gervais; Max Jarvie – Borden Ladner Gervais; Pamela Odina – Borden Ladner Gervais; Pierre Permingeat – Borden Ladner Gervais; Denes Rothschild – Borden Ladner Gervais; Steve Suarez – Borden Ladner Gervais; Stefan Timms – Borden Ladner Gervais;

Law Firms: Borden Ladner Gervais;

Clients: Epiroc Canada Holding Inc.;

Author: Martina Bellini