
Capital Markets
- Overview
- Who To Contact
- Representative Matters
- Recent Developments
The Aird & Berlis Capital Markets Group provides sophisticated legal advice on a wide variety of public and private capital raising and M&A transactions, as well as investment management and registration matters. Our clients reflect all participants in the Canadian capital markets, and include Canadian and international private and public corporations, family offices and other investors, financial institutions, private equity and additional types of funds, investment dealers and managers, and each of their respective advisors. Our clients engage in a diverse range of sectors and industries, including those traditionally represented in the Canadian capital markets, such as mining, financial services, technology, real estate and manufacturing, as well as emerging ones, such as cannabis, life sciences, esports and space tech.
Our Capital Markets Group and individual members of our team have been recognized by leading legal directories such as Chambers Canada, The Best Lawyers in Canada, The Legal 500 Canada and The Canadian Legal Lexpert Directory, and included in The Globe and Mail's list of Canada's Best Law Firms as well as the Global Top 200 Psychedelic Lawyers Directory. Clients choose us for our hard-earned recognition as well as for our results-focused, business-minded approach to negotiations, and our ability to quickly incorporate key business objectives and specific industry conditions into transaction documents.
Aird & Berlis has guided numerous companies through the going public process on all Canadian stock exchanges, whether by initial public offering, reverse-takeover or otherwise, including the pre-going public preparation phase; execution of the transaction; stock exchange listing requirements; concurrent financings; and post-transaction compliance, disclosure and governance obligations.
We help clients with a wide range of corporate and securities compliance matters, including:
- Shareholders’ meetings;
- Periodic and continuous disclosure and insider trading requirements;
- General listing matters in relation to the rules of the TSX, TSX Venture Exchange, Canadian Securities Exchange and CBOE Canada (formerly the Neo Exchange Inc.); and
- Corporate governance best practices and principles such as with respect to the advisability, composition and use of independent committees of boards of directors, gender diversity and ESG matters, board succession and formation of all corporate and board policies.
We have acted for listed entities, as well as shareholders and other market participants, with respect to proxy contests in regulatory hearings – including regulatory hearings at the Ontario Securities Commission (OSC), Toronto Stock Exchange and Canadian Investment Regulatory Organization (formerly Investment Industry Regulatory Organization of Canada) – as well as judicial proceedings.
We frequently contribute to the formulation of policies under the Securities Act (Ontario), which directly affect our clients. We have taken part in the secondment program of the OSC. In addition, several of our Capital Markets Group lawyers have served on stock exchange and securities commission advisory committees, including the OSC’s Securities Advisory Committee.
Our group publishes the Aird & Berlis Capital Markets Quarterly, which highlights the activity of our clients on a quarterly basis, provides a consolidated source of our group’s publications from the preceding quarter and generally seeks to engage readers on capital markets topics of interest. To read our current edition, click here.
Our recent transaction-oriented securities law matters included:
- Represented Allied Properties Real Estate Investment Trust (TSX:AP.UN), a leading operator of distinctive urban workspace in Canada’s major cities, in its $850 million private placement of senior unsecured debentures in multiple series.
- Represented Maritime Resources Corp. (TSXV: MAE) in its $20 million brokered “best efforts” private placement offering of units.
- Represented FloWorks International LLC, a U.S.-based company specializing in flow control products and technical services across various industrial sectors, in its acquisition of CAC Industrial Equipment Ltd., a leading Canadian provider of industrial parts and pumps.
- Represented MediPharm Labs Corp. in its share purchase agreement with Kensana Health Inc., for the purchase and sale of MediPharm's facility in Napanee, Ontario.
- Represented one of North America's largest independent technology and equipment financing companies in its acquisition of an independent lease financing and asset management solutions provider.
- Represented Allied Critical Metals Corp. in its reverse takeover of Deeprock Minerals Inc. (CSE: ACM), which included a three-cornered amalgamation and concurrent brokered private placement of subscription receipts.
- Represented a life sciences company focused on developing and providing harm reduction solutions in the acquisition of all of the issued and outstanding securities of a Canadian drug company.
- Represented a leading Canadian produce distributor in the hybrid sale of three related produce businesses to a Canadian produce wholesaler.
- Represented Goliath Resources Limited (TSXV: GOT) in its private placement of units in exchange for $10 million of shares of common stock of McEwen Mining Inc.
Our recent going public experience includes:
- Representing Celestial Acquisition Corp. (TSXV:CES.P), a space technology-focused CPC, in connection with its initial public offering on the TSX Venture Exchange. Celestial is the first space technology capital pool company to be listed on the TSX Venture Exchange.
- Representing Greenway Greenhouse Cannabis Corporation in connection with its listing on the Canadian Securities Exchange under the symbol “GWAY”.
- Representing SPARQ Systems Inc., a solar energy solutions company, and MJ Innovation Capital Corp. (TSXV:MSMJ.P), a capital pool company, in connection with SPARQ’s reverse takeover and qualifying transaction on the TSX Venture Exchange and concurrent financing.
- Representing Altree Developments, Avenir Jersey Developments Limited and Westdale Construction, as well as their minority co-investors, in connection with West Side Square Development Fund’s US$50-million initial public offering.
The Aird & Berlis Capital Market Group’s broad range of client work, along with the many strong relationships we have established with regulators, investment banks, other advisors and other key stakeholders, allows us to provide comprehensive and creative capital markets advice to our clients.
Contacts
Group Members
Representative Matters
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Maritime Resources Closes $11.5-Million Best Efforts Private Placement
On July 17, 2025, Maritime Resources Corp. (TSXV: MAE), a Canadian gold exploration and development company, announced the closing of its brokered "best efforts" private placement of common shares for... -
Closing the Gap Healthcare Group Completes Sale to Extendicare Inc. for $75.5 Million
On July 1, 2025, Extendicare Inc. (TSX: EXE) completed its acquisition of all the issued and outstanding shares of Closing the Gap Healthcare Group Inc. -
Goliath Resources Completes $27-Million Flow-Through Share Offering
Aird & Berlis represented Goliath Resources with a team led by Adria Leung Lim and Russell Sanders (Capital Markets) and including Karlie Nordstrom (Capital Markets), Manjit Singh (Tax) and Aidan Abbo... -
ShelfieTech Commences Trading on the Canadian Securities Exchange
Aird & Berlis represented ShelfieTech Ltd., a technology company providing stock management solutions for the retail industry, in connection with its listing on the Canadian Securities Exchange under ... -
Allied Critical Metals Completes Reverse Take-Over of Deeprock Minerals Inc.
Aird & Berlis represented Allied Critical Metals Corp. in its reverse takeover of Deeprock Minerals Inc. (CSE: ACM), which included a three-cornered amalgamation and concurrent brokered private placem... -
Maritime Resources Corp. Completes $20-Million Brokered Private Placement
Aird & Berlis represented Maritime Resources Corp. with a team led by Jeffrey Merk and Adria Leung Lim and including Ryan Cohen and Ali Kwinter. -
Allied Properties Completes $400-Million Offering of Senior Unsecured Debentures
On April 7, 2025, Allied Properties Real Estate Investment Trust (TSX:AP.UN), a leading owner-operator of distinctive urban workspace in Canada’s major cities, completed a private placement of $400-mi... -
Produce Wholesale Distributor Completes Hybrid Sale of Produce Companies
Aird & Berlis acted as legal counsel for the produce companies with a team led by Liam Tracey-Raymont and including Thomas Fenton, Jeffrey Merk, Christian Nianiaris, Joshua Ward and Teddy Nikolaou (Ca... -
McEwen Mining Completes Strategic Investment in Goliath Resources Limited
Aird & Berlis represented Goliath Resources Limited (TSXV: GOT), an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia, in its non-brokered private p... -
FloWorks International Acquires CAC Industrial Equipment for $49.25 Million
Aird & Berlis acted as Canadian counsel to FloWorks International with a team led by Steven Graff (Financial Services) and Gary Volman (Capital Markets/M&A).
Recent Developments
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Article
Canadian Courts Tighten Class Action Rules in Critical Q2 2025 Decisions
This article summarizes key second-quarter 2025 rulings from courts in Ontario and British Columbia that clarified Canadian class action law in areas such as product liability, employment, jurisdictio... -
Article
Closing the Value Gap Using Earnouts in Life Sciences M&A
This article examines how earnouts help bridge valuation gaps in life sciences M&A, highlighting their widespread use, industry-specific complexities and the need for careful structuring to manage ris... -
Article
Canadian Securities Administrators Expand Capital-Raising Limits for Listed Issuer Financing Exemption
This article explains how the Canadian Securities Administrators have expanded the Listed Issuer Financing Exemption, allowing eligible issuers to raise more capital with greater flexibility and updat... -
Article
Back to Basics: Acquisition Structures for Canadian Public and Private M&A
This article provides a high-level overview of the key legal and structural considerations for Canadian public and private M&A transactions, including common approaches such as takeover bids, amalgama... -
Article
Canadian Securities Regulators Announce Changes to Support Capital-Raising Efforts
This article outlines recent changes by the Canadian Securities Administrators to streamline capital raising, including updates to financial statement requirements, marketing rules and new exemptions ... -
Article
Developments in Class Action Law: Highlights From Q1 2025
This article reviews notable Q1 2025 class action rulings on certification limits, delay dismissals, arbitration clauses and emerging claims in crypto and privacy law. -
Article
Canada-U.S. M&A: Navigating Uncertainty in the Trade War Era
This article explores how Canada-U.S. M&A activity is being impacted by rising trade tensions, outlines strategic and risk-mitigation approaches for dealmaking during economic uncertainty and emphasiz... -
Article
Artificial Intelligence, Real Risks: Legal Due Diligence Issues and Purchase Agreement Provisions Aimed at Managing AI Risk in M&A Transactions
This article examines key legal due diligence issues and purchase agreement provisions for M&A transactions involving AI-driven businesses, focusing on intellectual property risks, data ownership, thi... -
Article
Breaking New Ground: Proposed Overhaul of Canadian Disclosure Requirements for Mining Issuers
This article covers the British Columbia Securities Commission's proposed changes to Canada's mining disclosure regulations, focusing on modernization, investor protection and alignment with global st... -
Firm News
Aird & Berlis Recognized in 2025 Canadian Legal Lexpert Directory
The 2025 Canadian Legal Lexpert Directory has recognized 69 partners at the firm as leading lawyers across 35 different practice areas. Aird & Berlis was also recognized at the firm level across 17 di... -
Article
Jurisdictional Decisions Shape Class Actions in Q4 2024
This article examines how Q4 2024 jurisdictional decisions shaped class actions, addressing constitutional validity, extraterritorial jurisdiction, certification reconsideration and privacy statute co... -
Firm News
Aird & Berlis Welcomes Seven New Partners
Aird & Berlis is pleased to announce that Monica Carinci, Ryan Cohen, Matthew Helfand, Meredith McCann, Ian McLeod, Lawrence Veregin and Jonathan Yantzi have become partners of the firm. -
Article
Adding Certainty in an Uncertain World: Canadian Court Deference to ‘Reasonable’ Non-Competes in M&A Transactions
This article highlights a recent decision reinforcing that non-competition clauses in M&A transactions are enforceable unless proven unreasonable, distinguishing them from stricter standards applied i... -
Firm News
Aird & Berlis Lawyers Featured in Global Top 200 Psychedelic Lawyers Directory 2025
Sherri Altshuler, Danny Kharazmi, Jeffrey Merk, and Russell Sanders have once again been recognized for their industry expertise. -
Firm News
Aird & Berlis Announces New Practice Group Leaders
Aird & Berlis is pleased to announce that Adria Leung Lim, Jack Goslett, Andrea Skinner, Ethan Eisen, Aaron Bains, Meghan Cowan and Manjit Singh have taken on the following leadership positions within... -
Event
From Risk to Opportunity: ESG as a Growth Strategy
- 04:00 PMJoin members of the Aird & Berlis ESG & Sustainability Group for a comprehensive exploration of practical strategies to leverage ESG opportunities for sustainable growth in 2025 and beyond.