Magna Mining Inc. has announced that it has entered into a definitive share purchase agreement dated September 11, 2024 with a subsidiary of KGHM International Ltd. to acquire a portfolio of base metals assets located in the Sudbury Basin. Magna will acquire the producing McCreedy West copper mine, the past-producing Levack mine, Podolsky mine and Kirkwood mine as well as the Falconbridge Footwall (81.41 percent), Northwest Foy (81.41 percent), North Range and Rand exploration assets.
Bennett Jones is acting as legal advisor to Magna.
The Bennett Jones team includes Abbas Ali Khan, Bosa Kosoric, Ali Naushahi (Securities/M&A), Talia Bregman (Employment), Susan Seller, Ben Sissons (Employment Benefits), Phil Ward (Tax), Jane Helmstadter, Samantha Weng (Real Estate), Sharon Singh, Claire Lingley, Claire Gibson (Environment/Aboriginal), Noriko Shimura (Debt), Oscar Crawford-Ritchie, Stefano Cianfrone and Michaila Graziani (Corporate/Commercial).