Leagold Mining’s $350 Million Acquisition of Los Filos from Goldcorp

Galicia Abogados, McCarthy Tétrault and Todd y Asociados have advised on the deal

Leagold Mining Corporation (TSX-V: LMC.H) (“Leagold”) has entered into a binding sale and purchase agreement with Goldcorp Inc. (“Goldcorp”) to acquire the Los Filos Gold Mine in Guerrero State, Mexico for US$350 million through the purchase of Goldcorp’s Desarrollos Mineros San Luis S.A. de C.V. (“DMSL”) subsidiary.

The purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold.Based on Leagold’s transaction financing plan, Goldcorp is expected to become an approximate 30% shareholder of Leagold at completion of the Acquisition.

Goldcorp will have the right to nominate a director to Leagold’s Board at completion of the Acquisition.

The Los Filos operation consists of two open-pit mines, Los Filos and El Bermejal, an underground mine at Los Filos and the opportunity to develop an underground mine at El Bermejal.

Galicia Abogados has advised Leagold Mining Corporation with Héctor Kuri, Francisco Fernández Cueto, Mariana Herrero, Carlos Chávez, Gabriela Pellón, Ramiro Sandoval and Florent Patoret.

McCarthy Tétrault has advised Goldcorp Inc. with Roger Taplin (Picture), Oliver Borgers, Pavan Jawanda, Patrick Deutscher, Ainslie Hurd and Robyn Cooper.

Todd y Asociados has advised Goldcorp Inc. with Fernando Todd Dip and Jorge García Díaz.

Involved fees earner: Fernando Todd Dip – Todd y Asociados; Jorge García Díaz – Todd y Asociados; Héctor Kuri – Galicia Abogados, S.C; José Ramiro Sandoval García – Galicia Abogados, S.C; Florent Patoret – Galicia Abogados, S.C; Francisco Fernández Cueto – Galicia Abogados, S.C; Mariana Herrero S. – Galicia Abogados, S.C; Carlos Chávez – Galicia Abogados, S.C; Gabriela Pellón – Galicia Abogados, S.C; Roger Taplin – McCarthy Tétrault; Pavan Jawanda – McCarthy Tétrault; Patrick Deutscher – McCarthy Tétrault; Ainslie Hurd – McCarthy Tétrault; Oliver Borgers – McCarthy Tétrault;

Law Firms: Todd y Asociados; Galicia Abogados, S.C; McCarthy Tétrault;

Clients: Goldcorp Inc.; Leagold Mining Corporation;


Author: Ambrogio Visconti.