![]() Client Work Alkane and Mandalay Propose Combination to Create Growing Gold and Antimony ProducerApril 28, 2025 Authors James ClarePartner Christopher J. DoucetPartner Benjamin J. GalAssociate Kaitlyn (Katie) ClementAssociate James D. BeebyPartner Philip B. WardPartner Alkane Resources Limited and Mandalay Resources Corporation have announced that they have agreed to combine in a proposed “merger of equals” transaction and have executed a definitive arrangement agreement whereby Alkane will acquire all the issued and outstanding common shares of Mandalay pursuant to a court-approved plan of arrangement. Following completion of the transaction, the combined company will continue operating as “Alkane Resources”, remain listed on the ASX and is seeking a listing on the TSX exchange. The implied market capitalization of the combined company is estimated at C$898 million. Bennett Jones is acting as Canadian legal advisor to Alkane. The Bennett Jones team is led by James Clare and Christopher Doucet (M&A) and includes Benjamin Gal, Kaitlyn Clement, James Beeby (M&A) and Phil Ward (Tax). Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsJames Clare, Partner Toronto • 416.777.6245 • clarej@bennettjones.com Christopher J. Doucet, Partner Toronto • 416.777.7449 • doucetc@bennettjones.com Benjamin J. Gal, Associate Toronto • 416.777.7923 • galb@bennettjones.com Kaitlyn (Katie) Clement, Associate Toronto • 416.777.7843 • clementk@bennettjones.com James D. Beeby, Partner • Co-Head of Corporate Department Vancouver • 604.891.5326 • beebyj@bennettjones.com Philip B. Ward, Partner Toronto • 416.777.7476 • wardp@bennettjones.com |