Capital Markets

We advise issuers, investors and boards on complex capital markets transactions and regulatory compliance, delivering practical solutions that drive growth and manage risk.
Key Contacts
Hanc KristopherAli Khan AbbasTessier JeanBasra Harinder
Stock market data

Overview

Issuers, boards of directors, investors and underwriters draw upon the broad set of skills and experience of our capital markets team. Our clients include a diverse array of public, private and institutional entities, from emerging organizations to established multinationals, investment and merchant banks to venture capitalists, provincial governments to foreign exchanges, and hedge funds to pension funds.

Clients, boards of directors, special committees and management teams in the oil and gas, mining, telecommunications, technology, pharmaceuticals, manufacturing and power industries, to name a few, rely upon our extensive capital raising, emerging enterprises, mergers and acquisitions, risk management, corporate governance, shareholder activism and restructuring expertise. Our capital-raising efforts have involved public and private offerings of equity and debt securities—in Canada and internationally. Specific transaction experience includes initial public offerings, new issues and secondary offerings, cross-border offerings, acquisition financing, rights offerings and high-yield debt offerings.

We have extensive experience engaging with securities commissions and stock exchanges in Canada and abroad to address regulatory compliance matters for our clients. Leveraging our firm-wide resources, we bring effective communication, seamless integration and practical advice to the task of helping our boards of directors, management and compliance teams, investor relations professionals and shareholders navigate the complex securities regulatory environment in which they operate. Our group is a leader in the evaluation of environmental, social and corporate governance matters for our clients and we frequently work directly with boards and management teams to ensure tailored governance principles and structures are in place to meet evolving best practices.

Client Work

Canadian Natural Resources Limited

in its US$1.5-billion and C$500-million of unsecured notes, offered by way of private placement

POET Technologies

 in connection with its US$150-million registered direct offering of common shares, led by Titan Partners Group, as sole placement agent 

BriaCell

in its public offering of common shares for gross proceeds of USD$3,050,000

BriaCell

in the spin-out of BriaPro Therapeutics

BriaCell

in its US$200 million self-prospectus and several draw down financings

Medicus Pharma

in its US IPO and NASDAQ-listing

i-80 Gold

in its 2024 C$115 million share offering

Bloom Burton & Co. and Haywood Securities

in a US$150-million private placement of common shares of Cybin

Alliance Global Partners

in a USD$30,000,000 public offering of units

BioSig Technologies

in its US$770 million business combination with Streamex Exchange, a commodities tokenization platform

Borealis Foods

in its approximately C$150-million acquisition by Oxus Acquisition, a special purpose acquisition company sponsored by private capital from Kazakh billionaire Kenges Rakishev

DIRTT Environmental Solutions

in connection with its fully backstopped rights offering for aggregate gross proceeds of $30 million

Echelon Wealth Partners

in the C$2.2-million brokered private placement of 11,014,500 Subscription Receipts of Sendero Resources

Electricité de France

as Canadian counsel, in connection with its C$750-million green senior multi-tranche bond issuance

Fionic Canada

in connection with fund formation matters and the subsequent issuance of securities of the fund and acquisition of auto loans

Freed

led the structuring and negotiation of the notes on behalf of Freed

G2S2 Capital

in connection to the acquisition of the Ottawa Senators Hockey Team of the National Hockey League

Glass House

in its US$25 million at-the-market equity offering of voting shares

Hut 8 Mining

in its proposed all stock merger of equals with US Data Mining Group to create a leading digital asset mining business in North America

Medline

in its acquisition of Sinclair Dental

Millennial Precious Metals

in its C$35-million merger with Integra Resources, and their concurrent equity financings of C$35-million to be used by Integra

NorthWest Redwater Partnership and NWR Financing Company

in its $1.3 billion issuance of Series P Senior Bonds and Series Q Senior Bonds, led by CIBC World Markets and RBC Dominion Securities

Osisko Mining

in multiple significant transactions in 2024, including in its C$107.4 million "bought deal" brokered private placement of flow-through and hard units

Piedmont Lithium

in its merger with Sayona Mining, creating a combined entity with enterprise value of approximately US$623 million, and in Piedmont's concurrent US$27-million private placement of shares

RCM Capital Management

in its leveraged buyout of HIG Capital, the majority owner of PI Financial, and concurrently merged PI and Echelon in a merger of equals to create a leading investment advisory, wealth management and capital markets firm

Sherritt International

in connection with a note exchange and recapitalization by way of Court-approved plan of arrangement

Simply Group of Companies

with the sale of its loan business

Variperm Holdings

a portfolio company of SCF Partners, as Canadian counsel in its sale to NYSE-listed Forum Energy Technologies

Waste Connections

as Canadian Counsel, in its C$500 million public offering in the U.S. and by way of private placement in each of the provinces of Canada

Reunion Neuroscience

in its take-private transaction with MPM Bioimpact

Wellfied Technologies

in its acquisition of all of the issued and outstanding common shares as well as certain other assets related to the operation of Brane Trust Company

Clarus Securities

in its "best efforts" agency basis private placement of 15,625,000 common shares in the capital of Lithium Ionic for gross proceeds of $25,000,000

Mountain Province Diamonds

in its issuance of US$195,000,000 of 9.000% Senior Secured Second Lien Notes due 2025

Nova Cannabis

in filing its C$35-million short-form base shelf prospectus and C$20-million at-the-market offering

S.i. Systems

a portfolio company of Quad-C Management, in its sale by Quad-C and management shareholders to Cornell Capital and Torquest Partners

Solve FSHD Holdings

as lead investor with Cambrian Biopharma in Vita Therapeutics' US$31 million Series B equity financing

Xie Florida Holdings

in its sale of Brightech International to Arlington Capital Partners and Everest Clinical Research

Decarbonization Plus Acquisition Corporation IV

in its $1.39-billion business combination with Hammerhead Resources

Cantor Fitzgerald Canada

in an up to US$35-million at-the-market equity program for the sale of common shares pursuant to an equity distribution agreement with Cybin

MustGrow Biologics

in connection with the filing of a base shelf prospectus relating to the offering for sale, from time to time, of common shares, warrants, units, debt securities, subscription receipts ...
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KAOS Capital and its founder Adam Arviv

as shareholders of HEXO, in the successful campaign to refresh the board of directors of HEXO, reducing the board to seven members, with KAOS retaining right to nominate an eighth member

Cresco Labs

in its US$125-million offering of subordinate voting shares

Seamless Logic Software

in its merger with MoneyClip to create Wellfield Technologies, and the listing of Wellfield on the TSX Venture Exchange which was supported by a $20-million financing, bringing the ...
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Cantor Fitzgerald Canada

in an up to $30-million at-the-market equity program for the sale of common shares pursuant to an equity distribution agreement with Aleafia Health

Apollo Global Management

in connection with its joint venture investment of up to US$200 million in Great Bay Renewables, a subsidiary of Altius Minerals Corporation, a publicly traded company listed on the TSX

Excellon Resources

in its $32.3-million acquisition of Otis Gold Corp by way of a Statutory Plan of Arrangement under the BCBCA

Magna Gold

in its approximately $19.5-million acquisition of Molimentales del Noroeste, S.A. de C.V., which owns 100% of the San Francisco Mine located in Sonora, Mexico, from Alio Gold

MEG Energy

in its private placement of US$1.2-billion aggregate principal amount of 7.1250% senior unsecured notes due 2027 in the United States and Canada

Canadian Pacific Railway

in its public offering of $300-million aggregate principal amount of 3.05% notes due 2050

Canadian Pacific Railway

in its public offering of US$500-million aggregate principal amount of 2.050% notes due 2030

United Active Living

in matters related to ownership and operations of assisting living housing projects

Killam Properties

on matters related to public offering of trust units, purchasing and financing and properties, structuring of joint ventures and credit facilities

Katanga Mining

in its $7.6-billion rights offering financing backstopped by Glencore to fund debt repayment to Glencore

New Pacific Metals

in its bought deal short form prospectus offering of common shares for total gross proceeds of $17.25 million, which included the exercise of the over-allotment option granted to the underwriters in full

Canso Investment Counsel

in the private placement by an issuer in the print media industry of $90 million of 12.0% senior secured notes

Cresco Labs

in a public offering of 7,350,000 units at a price per unit of $10.00 for gross proceeds of $73,500,000

First Mining Gold

in an equity distribution agreement with Cantor Fitzgerald Canada with respect to an at-the-market offering of up to $15 million of common shares

Emerald Health Therapeutics

in an at-the-market equity offering for the sale of up to $39 million of common shares pursuant to an equity distribution agreement with GMP Securities L.P.

Parkland Fuel Corporation

in its US$500million cross-border offering of senior notes

Pender Growth Fund

in $15.3-million public offering

BDC Capital

in its subscription for 987,763 Class D Preferred Shares of HiFi Engineering for an aggregate subscription price of $5,000,000

BDC Capital

in an initial subscription for 5,123,475 Class C Preferred Shares First Series of Inventys Thermal Technologies for US$4,999,999.26 and a subsequent subscription for an additional ...
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Osisko Gold Royalties

in the secondary offering of shares held by Orion Resources Partners

District Ventures

in its equity investment in seven companies as part of its accelerator program

Gold Flora LLC

in its private placement offering of debenture units for aggregate gross proceeds of over US$14 million

TerrAscend

in its non-brokered private placement of common shares for aggregate gross proceeds of approximately $69 million

Canso Investment Counsel

in providing equity and debt financing to ClearStream Energy Services for the acquisitions of AECOM Production Services and Universal Weld Overlays

48North Cannabis

in its bought-deal short-form prospectus offering of units for gross proceeds of $28.75 million

48North Cannabis

in its go-public transaction with Kramer Capital

RBC Capital Markets and CIBC Capital Markets

in the $100 million bought deal offering of common shares of Chorus Aviation

BSM Technologies

in its approximately $117.3 million sale to Geotab by way of plan of arrangement

CIP Capital Management

as Canadian counsel, in its acquisition of People 2.0

Kissner Group Holdings LP

completed its acquisition of NSC Minerals, a market-leading provider of salt products in Western Canada and the North Central United States, from an investor group led by Altas Partners

RBC Dominion Securities

as lead agent, with Algonquin Power & Utilities Corp.’s US$250,000,000 "at-the-market" distribution of common shares via short-form prospectus supplement

BMO Capital Markets

in the $60-million financing of Mandalay Resources Corporation, including a public equity offering and bridge loan from CE Mining Fund III L.P.

First Cobalt

in its $31-million bought deal private placement

McEwen Mining

in its MJDS qualified US$200 million universal shelf prospectus

Emerald Health Sciences

in its secondary offering of shares of Emerald Health Therapeutics by way of a prospectus supplement for gross proceeds of $7 million

Emerald Health Therapeutics

in its prospectus offering of common shares to a single institutional investor for gross proceeds of $10.8 million

First Majestic Silver

in an at-the-market equity distribution agreement with BMO Capital Markets for the sale of up to US$50.0 million of common shares

Parkland Fuel Corporation

in its $300-million note offering

Parkland Fuel Corporation

completes US$500 million senior note offering

ATCO

completes private placement of $200M fixed-to-floating subordinated notes

Algonquin Power Utilities

registered fixed to floating subordinated notes southbound MJDS offering

Coro Mining

in its $47-million series of financing transactions with affiliates of Tembo Capital Management and Greenstone Resources LP including a fully-backstopped, discounted rights offering

Harvest One Cannabis

in their C$60 million Canadian listing which was supported by a C$25 million financing, and in C$65 million of subsequent bought deal financings

Supreme Pharmaceuticals

in connection with a $55 million private placement of convertible debenture units

Veresen Midstream Limited Partnership

closes restatement of credit facilities in the aggregate amount of $2,775,000,000

NEP Canada

sells its Canadian Exploration and Production Operating Subsidiary to Aspenleaf Energy

Canadian Utilities

in its public offering of $200 million of debentures

Anamered Investments

in the formation of an investor consortium consisting of Anamered, ANTA Sports, FountainVest Partners and Tencent Holdings and in the acquisition of all outstanding securities of Amer Sports

Recognitions

Chambers Canada

Capital Markets 

Chambers Global

Capital Markets

Legal 500 Canada

Capital Markets

Canadian Legal Lexpert Directory

Corporate Finance & Securities 

IFLR1000

Ranked, Capital Markets (Debt) - Canada
Ranked, Capital Markets (Equity) - Canada

Kristopher R. Hanc

Partner  •   Co-Head of Corporate Department; Co-Head of Capital Markets Practice

Abbas Ali Khan

Partner  •   Head of Capital Markets

Harinder S. Basra

Calgary Managing Partner

Blog

The H1 2026 PE Briefing

June 18, 2026
Matthew J. HuntElizabeth K. DylkeJohn Lawless
& 3 more
Blog

CIRO Issues Stiff Penalties for Dealer Conduct

April 27, 2026
Christopher J. DoucetDoug FentonKanwar Brar
Christopher J. Doucet, Doug Fenton & Kanwar Brar
Blog

Canada's Q1 2026 M&A Landscape

April 13, 2026
Andrew N. DisipioGeoffrey P. StengerAlexis Fol
Andrew N. Disipio, Geoffrey P. Stenger & Alexis Fol
Blog

Canadian Foreign Private Issuers Remain Exempt from US Insider Reporting Requirements

March 25, 2026
Oliver LoxleyAaron E. SonshineAlexandra Doane
Oliver Loxley, Aaron E. Sonshine & Alexandra Doane
Blog

CSA Adopts Semi-Annual Reporting Pilot For Venture Issuers

March 25, 2026
James D. BeebyLisa KakoskeHarpar Gill
James D. Beeby, Lisa Kakoske & Harpar Gill

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