Partner Stuart MacGregor, who heads our Energy and Resources industry group, led our team which included special counsel Andrew Holmes, senior associate Jon Prentice and Lawyer Alex Davies. They worked alongside a team from Canadian firm Blake, Cassels & Graydon LLP.
The Royalty Portfolio comprises 22 royalties, including on development, advanced exploration and exploration stage projects located predominantly in Canada, the United States, and Australia. Under the terms of the transaction, Maverix will pay Barrick an upfront cash consideration of $50 million and contingent consideration of up to $10 million.
Commenting on our role, Stuart said:
Our team was pleased to be able to collaborate with our Canadian colleagues in helping Maverix to expand its already robust portfolio of royalties and streams with a strong growth pipeline.