|Date Announced:||May 11, 2015|
|Date Closed:||July 10, 2015|
|Client Name:||Crocodile Gold Corp.|
On July 10, 2015, Newmarket Gold Inc. (Newmarket) and Crocodile Gold Corp. (Crocodile Gold) combined by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) creating a new gold industry consolidator solidly positioned to acquire high quality gold assets in the world's most desirable mining jurisdictions. The combined entity has been named Newmarket Gold Inc., the common shares of which are currently trading on the Toronto Stock Exchange under the new stock symbol “NMI”. The transaction is valued at approximately C$185 million (on an enterprise basis).
Bennett Jones LLP acted as counsel for Crocodile Gold with a team led by Conrad Druzeta and comprising Sander Grieve, Russel Drew, Tiffany Canzano and Daniel Masliyah (Corporate/M&A), Alan Gardner and Joseph Blinick (Litigation), Alan Rautenberg, Claire Kennedy and Wesley Novotny (Tax), and Carl Cunningham (Employment).