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David Mba

Associate Called to the Ontario Bar: 2020

David has a creative yet methodical approach to his practice that enables him to provide high quality service to all of his clients. He is committed to delivering innovative and strategic direction to his clients as they navigate heavily-regulated industries. David uses an array of business management skills to help companies and individuals manage complex, time-sensitive transactions.

As a member of the Capital Markets group, David advises clients from a variety of industries and across multiple stages of development. His practice focuses on securities law, mergers and acquisitions, corporate finance, start-ups and emerging companies, venture capital and corporate governance. While working for an international risk consulting firm prior to joining Aird & Berlis, David also gained experience with a range of business intelligence issues, including pre-transactional due diligence, litigation asset traces and investigations into alleged fraud.

Representative Matters

Advised Putman Investments Inc., a Canadian-based, family-owned enterprise, on its acquisition of Toys “R” Us and Babies “R” Us Canada from Fairfax Financial Holdings Limited.

Represented Galane Gold Ltd. (TSX-V: GG; OTCQB: GGGOF), a gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico, in connection with its acquisition of the Summit Mine and Banner Mill in New Mexico and a $9.7 million private placement.

Represented Maritime Resources Corp. (TSXV: MAE) in connection with the closing of an asset purchase agreement with two subsidiaries of Rambler Metals and Mining PLC valued at approximately US$2.7 million.

Represented Maritime Resources Corp. (TSXV: MAE) in connection with the closing of a strategic investment by Tembo Capital for a total investment of approximately $4 million via a non-brokered private placement.

Advised Maritime Resources Corp. (TSXV: MAE) in connection with the completion of a brokered private placement of common shares on a “flow-through” basis for gross proceeds of approximately $6.9 million.

Represented 5045299, a corporation formed on the amalgamation of 2449539 Ontario Inc. and Gupta Group Mining and Resources Inc., in the disposition of 17,333,333 common shares in the capital of Greenland Resources Inc. and the disposition of an option to acquire 600,000 common shares in the capital of Greenland through a private sale transaction pursuant to a securities purchase agreement, totalling an aggregate of $2,149,333.29 for the Shares and $766.71 for the Options.

Represented PsyBio Therapeutics, Inc., a biotechnology company developing a new class of drugs intended for the potential treatment of mental health challenges and other disorders, in the completion of its reverse takeover of PsyBio Therapeutics Corp. (formerly Leo Acquisitions Corp.) (TSXV:PSYB) and related private placement offering of subscription receipts for aggregate gross proceeds of $14.5 million.

Represented Harborside Inc., a California-focused, vertically-integrated cannabis enterprise, in the completion of a brokered private placement offering of units for aggregate gross proceeds of approximately $35 million. 

Represented Allied Properties Real Estate Investment Trust, a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, in its completion of a $600 million debt offering of 1.726% series H senior unsecured debentures. The Series H Debentures are Allied’s inaugural Green Bond issuance under its recently announced Green Financing Framework.

Selected Speaking Engagements

"Interview with Dr. Hadiya Roderique," ABDI Webinar, February 16, 2021.


Publications Article Oct 13, 2020 Ontario Proposes Changes to its Business Corporations Statute to Enhance Flexibility Removal of Director Residency Requirements and Reducing the Voting Threshold for Private Company Ordinary Written Resolutions
Insights StartupSource Jun 21, 2018 Aviva Ventures Pitch Day Event Supports Canadian Startups
Insights EnergyInsider Jun 18, 2018 Nova Scotia Regulator Approves Smart Meter Project


  • JD / MBA, University of Toronto, 2019
  • BA (Summa cum laude), York University, 2014