Red Pine Exploration Inc. acquires Augustine Ventures Inc.


Wildeboer Dellelce LLP represented Red Pine in connection with the transaction


Red Pine Exploration Inc. completed its acquisition of Augustine Ventures Inc. by acquiring all of the outstanding shares of Augustine pursuant to an arrangement under the Business Corporations Act (Ontario). The transaction was previously approved by Augustine shareholders and was subsequently approved by the Ontario Superior Court of Justice. Red Pine issued 100,668,733 common shares to former Augustine shareholders, representing a transaction value of approximately $13 million.

Red Pine Exploration Inc. is an exploration-stage company. The Company is involved primarily in the identification, acquisition and advancement of mineral exploration properties with a particular focus on gold exploration projects located in northern Ontario.

Wildeboer Dellelce LLP represented Red Pine in connection with the transaction with a team that included Al Wiens (Picture), Michael Rennie, Rebecca Cochrane and Carlye Bellavia (corporate / securities) and John O’Connor (tax).

Involved fees earner: Al Wiens – Wildeboer Dellelce LLP; Michael Rennie – Wildeboer Dellelce LLP; Rebecca Cochrane – Wildeboer Dellelce LLP; John O’Connor – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Red Pine Exploration Inc.;

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Author: Ambrogio Visconti