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A&O and Allion act on Aus-Canada resources merger
Allion Legal and Allen & Overy worked with two Canadian law firms to help implement a merger, which will create a global lithium player.
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Firms: Allion Legal and Canadian firm Fasken Martineau DuMoulin LLP (Galaxy Resources Limited); Allen & Overy and Canadian firm Blake, Cassels and Graydon LLP (Lithium One)
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Deal: Galaxy merges with Canada’s Lithium One Inc
Area: Corporate and resources
Value: $500 million
Key players: Principals Philip Lucas and Stuart Mengler led the Allion team together with associates Lucas Vosch and Chris Rosario
Deal significance: The deal, announced on 30 March, is to be carried out via a plan of arrangement in Canada. At an operational level, the merged entity will be a significant global lithium player with assets in Western Australia, Argentina, China and Canada. “The merger secures the highly regarded Sal De Vida brine project in Argentina for Galaxy, significantly increasing Galaxy’s resource base. Galaxy’s aim is to become a major player in the global lithium industry with vertically integrated operations from mining through to battery production,” said Mengler. Lucas said the structuring of the merger was unique and included the issuance of special voting and exchangeable shares to Lithium.
