Lavery acts for consortium led by Magris Resources Inc. in the completion of the acquisition of the Niobec mine for a total consideration of US$530 million

- Sébastien Vézina , René Branchaud , Nicole Messier , Carole Gélinas , Guy Lavoie , Éric Gélinas and Pierre Denis

Lavery is pleased to announce it has acted as legal counsel for the Province of Québec to a consortium led by Magris Resources Inc. in the completion of the acquisition of Niobec Inc., a subsidiary of IAMGOLD Corporation (TSX : IMG, NYSE: IAG)  and one of the world’s three primary niobium producers. The total consideration of US$530 million was comprised of a US$500 million cash proceeds payable at closing, as well as an additional US$30 million payable upon commencement of commercial production from adjacent rare earths element properties. Lavery also acted as local counsel in connection with the financing of the acquisition.

Lavery’s transactional and financing team was led by Mr. Sébastien Vézina (M&A and Mining Law) and Mr. Benjamin Gross (Financing), and included Mr. René Branchaud (Mining Law), Ms. Nicole Messier and Ms. Carole Gélinas (Real Estate Law and Mining Titles), Ms. Sophie Prégent (Environmental Law), Ms. Catherine Méthot and Mr. Raphaël Bacal (M&A), Mr. François Parent (Pension and Benefits), Ms. Catherine Maheu, Mr. Guy Lavoie and Ms. Valérie Korozs (Labour and Employement), Mr. Éric Gélinas (Tax Law), Mr. Pierre Denis and Ms. Anne-Sophie Lamonde (Financing).

Back to the press room