Transactions & Cases Detail



Transaction/Case Details

Consolidated Thompson and WISCO close US$240 million strategic investment

DATE CLOSED

July 20, 2009

BUSINESS SECTOR

Mining & Metals

LEAD OFFICE

Vancouver

VALUE

240 Million USD


OVERVIEW

On July 20, 2009, pursuant to the transactions terms, Minerals Corporation Limited of Wuhan Iron and Steel (WISCO) has made the first two payment instalments for payment to Consolidated Thompson Iron Mines Limited (CLM) of an aggregate of US$200 million. CLM has issued to WISCO 38,681,023 common shares of CLM representing approximately 19.9% of the issued and outstanding CLM shares post-transaction.

McCarthy Tétrault advised WISCO with a team that was led by Joyce Lee and Richard Miner.

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Aboriginal Law
read /

Capital Markets
read /

China
read /

Environmental
read /

Environmental, Regulatory & Aboriginal
read /

M&A
read /

Mining
read /

Projects
read /

Regulatory
read /