Capital Markets

We advise issuers, investors and boards on complex capital markets transactions and regulatory compliance, delivering practical solutions that drive growth and manage risk.
Key Contacts
Hanc KristopherTessier JeanBasra Harinder
Stock market data

Overview

Issuers, boards of directors, investors and underwriters draw upon the broad set of skills and experience of our capital markets team. Our clients include a diverse array of public, private and institutional entities, from emerging organizations to established multinationals, investment and merchant banks to venture capitalists, provincial governments to foreign exchanges, and hedge funds to pension funds.

Clients, boards of directors, special committees and management teams in the oil and gas, mining, telecommunications, technology, pharmaceuticals, manufacturing and power industries, to name a few, rely upon our extensive capital raising, emerging enterprises, mergers and acquisitions, risk management, corporate governance, shareholder activism and restructuring expertise. Our capital-raising efforts have involved public and private offerings of equity and debt securities—in Canada and internationally. Specific transaction experience includes initial public offerings, new issues and secondary offerings, cross-border offerings, acquisition financing, rights offerings and high-yield debt offerings.

We have extensive experience engaging with securities commissions and stock exchanges in Canada and abroad to address regulatory compliance matters for our clients. Leveraging our firm-wide resources, we bring effective communication, seamless integration and practical advice to the task of helping our boards of directors, management and compliance teams, investor relations professionals and shareholders navigate the complex securities regulatory environment in which they operate. Our group is a leader in the evaluation of environmental, social and corporate governance matters for our clients and we frequently work directly with boards and management teams to ensure tailored governance principles and structures are in place to meet evolving best practices.

Client Work

BriaCell
in its public offering of common shares for gross proceeds of USD$3,050,000
BriaCell
in the spin-out of BriaPro Therapeutics
BriaCell
in its US$200 million self-prospectus and several draw down financings
Medicus Pharma
in its US IPO and NASDAQ-listing
i-80 Gold
in its 2024 C$115 million share offering
Bloom Burton & Co. and Haywood Securities
in a US$150-million private placement of common shares of Cybin
Alliance Global Partners
in a USD$30,000,000 public offering of units
BioSig Technologies
in its US$770 million business combination with Streamex Exchange, a commodities tokenization platform
Borealis Foods
in its approximately C$150-million acquisition by Oxus Acquisition, a special purpose acquisition company sponsored by private capital from Kazakh billionaire Kenges Rakishev
Canadian Natural Resources Limited
in its US1.5-billion and Cdn. $500-million of unsecured notes, offered by way of private placement
DIRTT Environmental Solutions
in connection with its fully backstopped rights offering for aggregate gross proceeds of $30 million
Echelon Wealth Partners
in the C$2.2-million brokered private placement of 11,014,500 Subscription Receipts of Sendero Resources
EDF
in connection with its C$750-million green senior multi-tranche bond issuance
Fionic Canada
in connection with fund formation matters and the subsequent issuance of securities of the fund and acquisition of auto loans
Freed
led the structuring and negotiation of the notes on behalf of Freed
G2S2 Capital
in connection to the acquisition of the Ottawa Senators Hockey Team of the National Hockey League
Glass House
in its US$25 million at-the-market equity offering of voting shares
Hut 8 Mining
in its proposed all stock merger of equals with US Data Mining Group to create a leading digital asset mining business in North America
Medline
in its acquisition of Sinclair Dental
Millennial Precious Metals
in its C$35-million merger with Integra Resources, and their concurrent equity financings of C$35-million to be used by Integra
NorthWest Redwater Partnership and NWR Financing Company
in its $1.3 billion issuance of Series P Senior Bonds and Series Q Senior Bonds, led by CIBC World Markets and RBC Dominion Securities
Osisko Mining
in multiple significant transactions in 2024, including in its C$107.4 million "bought deal" brokered private placement of flow-through and hard units
Piedmont Lithium
in its merger with Sayona Mining, creating a combined entity with enterprise value of approximately US$623 million, and in Piedmont's concurrent US$27-million private placement of shares
RCM Capital Management
in its leveraged buyout of HIG Capital, the majority owner of PI Financial, and concurrently merged PI and Echelon in a merger of equals to create a leading investment advisory, wealth management and capital markets firm
Sherritt International
in connection with a note exchange and recapitalization by way of Court-approved plan of arrangement
Simply Group of Companies
with the sale of its loan business
Variperm
in its acquisition by Forum Energy Technologies
Waste Connections
in its public offering in the US and by way of private placement in each of the provinces of Canada of C$500 million
Reunion Neuroscience
in its take-private transaction with MPM Bioimpact
Wellfied Technologies
in its acquisition of all of the issued and outstanding common shares as well as certain other assets related to the operation of Brane Trust Company
Clarus Securities
in its "best efforts" agency basis private placement of 15,625,000 common shares in the capital of Lithium Ionic for gross proceeds of $25,000,000
Mountain Province Diamonds
in its issuance of US$195,000,000 of 9.000% Senior Secured Second Lien Notes due 2025
Nova Cannabis
in filing its C$35-million short-form base shelf prospectus and C$20-million at-the-market offering
S.i. Systems
a portfolio company of Quad-C Management, in its sale by Quad-C and management shareholders to Cornell Capital and Torquest Partners
Solve FSHD Holdings
as lead investor with Cambrian Biopharma in Vita Therapeutics' US$31 million Series B equity financing
Xie Florida Holdings
in its sale of Brightech International to Arlington Capital Partners and Everest Clinical Research
Decarbonization Plus Acquisition Corporation IV
in its $1.39-billion business combination with Hammerhead Resources
Cantor Fitzgerald Canada
in an up to US$35-million at-the-market equity program for the sale of common shares pursuant to an equity distribution agreement with Cybin
MustGrow Biologics
in connection with the filing of a base shelf prospectus relating to the offering for sale, from time to time, of common shares, warrants, units, debt securities, subscription receipts ...
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KAOS Capital and its founder Adam Arviv
as shareholders of HEXO, in the successful campaign to refresh the board of directors of HEXO, reducing the board to seven members, with KAOS retaining right to nominate an eighth member
Cresco Labs
in its US$125-million offering of subordinate voting shares
Seamless Logic Software
in its merger with MoneyClip to create Wellfield Technologies, and the listing of Wellfield on the TSX Venture Exchange which was supported by a $20-million financing, bringing the ...
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Cantor Fitzgerald Canada
in an up to $30-million at-the-market equity program for the sale of common shares pursuant to an equity distribution agreement with Aleafia Health
Apollo Global Management
in connection with its joint venture investment of up to US$200 million in Great Bay Renewables, a subsidiary of Altius Minerals Corporation, a publicly traded company listed on the TSX
Excellon Resources
in its $32.3-million acquisition of Otis Gold Corp by way of a Statutory Plan of Arrangement under the BCBCA
Magna Gold
in its approximately $19.5-million acquisition of Molimentales del Noroeste, S.A. de C.V., which owns 100% of the San Francisco Mine located in Sonora, Mexico, from Alio Gold
MEG Energy
in its private placement of US$1.2-billion aggregate principal amount of 7.1250% senior unsecured notes due 2027 in the United States and Canada
Canadian Pacific Railway
in its public offering of $300-million aggregate principal amount of 3.05% notes due 2050
Canadian Pacific Railway
in its public offering of US$500-million aggregate principal amount of 2.050% notes due 2030
United Active Living
in matters related to ownership and operations of assisting living housing projects
Killam Properties
on matters related to public offering of trust units, purchasing and financing and properties, structuring of joint ventures and credit facilities
Katanga Mining
in its $7.6-billion rights offering financing backstopped by Glencore to fund debt repayment to Glencore
New Pacific Metals
in its bought deal short form prospectus offering of common shares for total gross proceeds of $17.25 million, which included the exercise of the over-allotment option granted to the underwriters in full
Canso Investment Counsel
in the private placement by an issuer in the print media industry of $90 million of 12.0% senior secured notes
Cresco Labs
in a public offering of 7,350,000 units at a price per unit of $10.00 for gross proceeds of $73,500,000
First Mining Gold
in an equity distribution agreement with Cantor Fitzgerald Canada with respect to an at-the-market offering of up to $15 million of common shares
Emerald Health Therapeutics
in an at-the-market equity offering for the sale of up to $39 million of common shares pursuant to an equity distribution agreement with GMP Securities L.P.
Parkland Fuel Corporation
in its US$500million cross-border offering of senior notes
Pender Growth Fund
in $15.3-million public offering
BDC Capital
in its subscription for 987,763 Class D Preferred Shares of HiFi Engineering for an aggregate subscription price of $5,000,000
BDC Capital
in an initial subscription for 5,123,475 Class C Preferred Shares First Series of Inventys Thermal Technologies for US$4,999,999.26 and a subsequent subscription for an additional ...
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Osisko Gold Royalties
in the secondary offering of shares held by Orion Resources Partners
District Ventures
in its equity investment in seven companies as part of its accelerator program
Gold Flora LLC
in its private placement offering of debenture units for aggregate gross proceeds of over US$14 million
TerrAscend
in its non-brokered private placement of common shares for aggregate gross proceeds of approximately $69 million
Canso Investment Counsel
in providing equity and debt financing to ClearStream Energy Services for the acquisitions of AECOM Production Services and Universal Weld Overlays
48North Cannabis
in its bought-deal short-form prospectus offering of units for gross proceeds of $28.75 million
48North Cannabis
in its go-public transaction with Kramer Capital
RBC Capital Markets and CIBC Capital Markets
in the $100 million bought deal offering of common shares of Chorus Aviation
BSM Technologies
in its approximately $117.3 million sale to Geotab by way of plan of arrangement
CIP Capital Management
as Canadian counsel, in its acquisition of People 2.0
Kissner Group Holdings LP
completed its acquisition of NSC Minerals, a market-leading provider of salt products in Western Canada and the North Central United States, from an investor group led by Altas Partners
RBC Dominion Securities
as lead agent, with Algonquin Power & Utilities Corp.’s US$250,000,000 "at-the-market" distribution of common shares via short-form prospectus supplement
BMO Capital Markets
in the $60-million financing of Mandalay Resources Corporation, including a public equity offering and bridge loan from CE Mining Fund III L.P.
First Cobalt
in its $31-million bought deal private placement
McEwen Mining
in its MJDS qualified US$200 million universal shelf prospectus
Emerald Health Sciences
in its secondary offering of shares of Emerald Health Therapeutics by way of a prospectus supplement for gross proceeds of $7 million
Emerald Health Therapeutics
in its prospectus offering of common shares to a single institutional investor for gross proceeds of $10.8 million
First Majestic Silver
in an at-the-market equity distribution agreement with BMO Capital Markets for the sale of up to US$50.0 million of common shares
Parkland Fuel Corporation
in its $300-million note offering
Parkland Fuel Corporation
completes US$500 million senior note offering
ATCO
completes private placement of $200M fixed-to-floating subordinated notes
Algonquin Power Utilities
registered fixed to floating subordinated notes southbound MJDS offering
Coro Mining
in its $47-million series of financing transactions with affiliates of Tembo Capital Management and Greenstone Resources LP including a fully-backstopped, discounted rights offering
Harvest One Cannabis
in their C$60 million Canadian listing which was supported by a C$25 million financing, and in C$65 million of subsequent bought deal financings
Supreme Pharmaceuticals
in connection with a $55 million private placement of convertible debenture units
Veresen Midstream Limited Partnership
closes restatement of credit facilities in the aggregate amount of $2,775,000,000
NEP Canada
sells its Canadian Exploration and Production Operating Subsidiary to Aspenleaf Energy
Canadian Utilities
in its public offering of $200 million of debentures
Anamered Investments
in the formation of an investor consortium consisting of Anamered, ANTA Sports, FountainVest Partners and Tencent Holdings and in the acquisition of all outstanding securities of Amer Sports

Recognitions

Chambers Canada
Ranked, Capital Markets - Nationwide
Band 4, Capital Markets
Band 3, Capital Markets: Securitisation
Chambers Global
Band 4, Capital Markets
The Legal 500 Canada
Recommended, Corporate and M&A
Recommended, Capital Markets

Canadian Legal Lexpert Directory
Most Frequently Recommended, Corporate Finance & Securities (Calgary)
Consistently Recommended, Corporate Finance & Securities (Toronto and Vancouver)
IFLR1000
Ranked, Capital Markets (Debt) - Canada
Ranked, Capital Markets (Equity) - Canada
Hanc Kristopher

Kristopher R. Hanc

Partner  •   Co-Head of Corporate Department; Co-Head of Capital Markets Practice

Basra Harinder

Harinder S. Basra

Calgary Managing Partner  •   Co-Head of Energy Practice

At the centre of market-shaping deals and high-stakes disputes, Bennett Jones delivers clarity, strategy and results. Our cross-border teams turn complexity into progress, always focused on what drives your success.

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