Consolidated Thompson and WISCO close US$240 million strategic investment
July 20, 2009
240.00 Million USD
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.