Canadian Lawyer InHouse

April/May 2021

Legal news and trends for Canadian in-house counsel and c-suite executives

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Page 8 of 43 7 the Beaufor, Croinor Gold, McKenzie Break and Swanson mineral properties and other assets and liabilities. Yamana Gold Inc. subsequently acquired all of the issued and outstanding shares of Monarques not already owned by Yamana, through which Yamana acquired the Wasamac property and the Camflo property and mill. Allied Properties REIT issues $600-million Green Bond offering Allied Properties Real Estate Investment Trust completed a $600-million debt offering of 1.726 per cent series H senior unsecured debentures under a prospectus supplement dated Feb. 5, 2021, to a short form base shelf prospectus dated Nov. 19, 2019. The debentures are Allied's inaugural Green Bond issuance under its recently announced Green Financing Framework. The debentures were offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. Harborside Inc. completes private placement Harborside Inc., a California-focused, vertically integrated cannabis enterprise, completed a brokered private placement offering of units for aggregate gross proceeds of approximately $35 million. Beacon Securities Limited and ATB Capital Markets acted as co-lead agents connected with the offering. The offering was completed through the issuance of a combination of subordinate voting share units and multiple voting share units. The SVS Units were issued to non-residents of the U.S., with each SVS Unit comprising one subordinate voting share and one SVS purchase warrant. H&R REIT completes $300-million debenture financing H&R Real Estate Investment Trust completed an offering of $300 million principal amount of 2.633 per cent Series S senior unsecured debentures due Feb. 19, 2027. The debentures were sold on a private placement "best efforts" agency basis by a syndicate of agents, which was co-led and bookrun by Scotia Capital Inc. and CIBC World Markets Inc., and which included BMO Capital Markets, TD Securities Inc. and National Bank Financial Inc. H&R REIT will use the net proceeds of the offering for the repayment of outstanding indebtedness and general trust purposes. Canopy Growth files preliminary base shelf prospectus Canopy Growth Corporation has filed a preliminary short form base shelf prospectus in Canada and an S-3 registration statement in the U.S. enabling Canopy Growth to offer and sell common shares, subscription receipts, units, warrants or any combination thereof in one or more issuances for aggregate gross proceeds of up to US$2 billion. This is the largest shelf prospectus filing by a cannabis company. Cassels Brock & Blackwell LLP acted as Canadian counsel to Canopy Growth. Paul Weiss Rifkind Wharton & Garrison LLP acted as U.S. counsel to Canopy Growth. Monarques Gold seals arrangement with Yamana Gold Monarch Mining Corporation announced the successful completion of a plan of arrangement under s. 192 of the Canada Business Corporations Act under which Monarques Gold Corporation completed a spin-out to its shareholders, through the issuance of shares in the newly formed New Monarch entity, of Pembina Pipeline Corp. appoints Janet Loduca Janet Loduca, who has more than three decades of legal, environmental, regulatory and sustainability experience under her belt, has been appointed general counsel and vice president, legal and sustainability of Pembina Pipeline Corporation. Loduca helps Pembina establish its long-term sustainability strategy and move forward with its environmental, social and governance initiatives. Pembina is a Calgary-based transportation and midstream service provider that has been active in North America's energy industry for more than 65 years. Loduca was previously senior vice president and general counsel at the California-based Pacific Gas and Electric Company. Marie-Josée Lapierre joins eStruxture as general counsel Marie-Josée Lapierre has been appointed as senior vice president, general counsel and corporate secretary at eStruxture Data Centers. With more than 20 years of business law experience, acquired both in corporate and private practice, Lapierre specializes in mergers and acquisitions, financing, commercial law and corporate governance. In her previous role, Lapierre was vice president, legal affairs and secretary of Investissement Québec, where she led legal affairs, including the teams responsible for loans and investments, governance and contracts. Headquartered in Montreal, eStruxture is a Canadian-owned cloud and carrier-neutral data center provider.

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