skip to main content

Back to all Representative Matters
Feb 5, 2019

Firesteel Resources Acquires Remaining Interest of Nordic Mines Marknad AB

Thomas A. Fenton, Melanie Cole, Liam Tracey-Raymont, Aaron T. Collins, Peter K. Czegledy and Carol J. Burns

Firesteel Resources Inc. (“Firesteel”), a mining company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and around the world, exercised its Minority Buy-Out Right to acquire the remaining 40% interest of Nordic Mines Marknad AB (“Marknad”).

Following such acquisition, Firesteel is now the 100% owner of Marknad and, indirectly, the 100% owner of the Laiva Gold Mine, located in Finland.

In connection with the exercise of the Minority Buy-Out Right, Firesteel has issued 58,417,182 common shares in its capital (the "Consideration Shares"), with a deemed issue price of $0.0966 per share, for an aggregate deemed value of $5,643,100.

The issuance of the Consideration Shares has been approved by the TSX Venture Exchange.

Aird & Berlis represented Firesteel with a team comprised of Tom Fenton, Melanie Cole, Liam Tracey-Raymont (Capital Markets), Aaron Collins (Banking), Peter Czegledy (Corporate/Commercial) and Carol Burns (Tax).


Image: © 2017 Firesteel Resources Inc.

Related Representative Matters

Representative Matters
Allied Properties REIT Completes $345 Million Public Equity Offering Margaret T. Nelligan, Sherri M. Altshuler, Anne E. Miatello, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Michael D. Smith, Neill Kalvin, Zale Skolnik and Barbara Worndl Jun 24, 2019 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 that form Canada’s hub for global connectivity, recently completed a $345 million public equity offering o...
Representative Matters
MediPharm Labs Completes $75 Million Bought Deal Financing Melanie Cole, Amy Marcen-Gaudaur, Meredith McCann and Barbara Worndl Jun 18, 2019 MediPharm Labs Corp., a leader in specialized, research-driven cannabis extraction and cannabinoid isolation, recently completed a $75 million bought deal offering of common shares.
Representative Matters
Alexandria Minerals Corporation to be Acquired by O3 Mining Inc. Jeffrey K. Merk, Thomas A. Fenton, Nathan Gates and Francesco Gucciardo May 21, 2019 Alexandria Minerals Corporation has entered into a definitive arrangement agreement with Chantrell Ventures Corp.