Wildeboer Dellelce acts for Lord of Seven Hills Holdings FZE in Going Private Transaction of Fura Gems Inc.August 14, 2020
Lord of Seven Hills Holdings FZE has agreed to acquire all of the outstanding shares of Fura Gems Inc. (TSXV:FURA), a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licences, in an all-cash transaction valued at over $40 million. The acquisition will be carried out by way of an amalgamation under the Business Corporations Act (Ontario). In connection with the going private transaction, Lord of Seven Hills is providing bridge financing to Fura in the amount of US$8,750,000.
Wildeboer Dellelce is representing Lord of Seven Hills as legal counsel in connection with the going private transaction and the bridge loan with a team comprised of Michael Rennie, Sanjeev Patel and Carlye Bellavia (Corporate Finance and Securities / Mergers and Acquisitions) and Katy Pitch and Marija Tasevska (Tax).