Holland & Hart LLP served on the legal team representing Silver Standard Resources Inc. in the successful purchase of Marigold mine from subsidiaries of Goldcorp Inc. and Barrick Gold Corp. Total cash consideration paid at closing was $275 million.
Silver Standard Resources Inc. is a Vancouver-based mining company focused on the operation, development, exploration, and acquisition of precious metal projects.
Silver Standard was represented in the purchase of Marigold by Silver Standard’s in-house legal team, as well as by external counsel from Canada-based Lawson Lundell LLP and Holland & Hart LLP in the United States. The Holland & Hart team included Sue Oakes, Robert Bassett, John Maxfield, Elizabeth Mitchell, and John Ludlum.
Sue Oakes is an experienced corporate finance and M&A lawyer. Oakes works with companies in a range of industries, including mining, energy, technology, consulting, consumer products, and financial services, helping them buy and sell companies, raising financing through private equity and venture capital funds, and providing corporate advice and counsel to executives and boards.
Robert Bassett represents major coal, copper, gold, industrial minerals, and uranium mines and companies in the U.S., Latin America, and Africa. He has served as mining counsel for numerous financings of mining companies; has acted as mining counsel in complex mining company mergers and acquisitions; and represented clients before government agencies for development of mining projects, mine methane capture programs, and property rights acquisitions.
John Maxfield is an experienced federal income tax lawyer representing clients ranging from small start-ups to Fortune 100 companies. He advises clients in the tax aspects of structuring the formation, acquisition, disposition, spin-off, operation, recapitalization, and liquidation of corporations and partnerships/LLCs. He advises on mergers and acquisitions, leveraged ESOP transactions, natural resource farm-outs, farm-ins, and other joint ventures.
John Ludlum provides clients with counsel on employee benefits and equity compensation matters, with a special focus on employee benefits issues in mergers and acquisitions. In relation to equity compensation, he assists companies with compensation design, tax considerations, and market practices. He has significant experience with compliance matters regarding Code Section 280G, Code Section 409A, Rule 701, and other tax and securities laws affecting employee and equity compensation.
