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In Troubled Waters: Navigating Restructuring Alternatives Available to Mining Companies

Fasken Martineau’s PDAC 2015 Seminar Series
Where Fasken Martineau
333 Bay Street, Suite 2400
Toronto, ON
M5H 2T6
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Guest Speaker: Mike Stewart, CIBC

Given the recent decline in commodity prices, many mining companies have found that their cash resources are limited or dwindling.

The purpose of this seminar is to consider restructuring alternatives for mining companies. In particular, this seminar will discuss various restructuring alternatives in the way of financing and M&A transactions that may be considered by mining companies, whether exploration/development stage or producing issuers. In the absence of the availability of more traditional structuring alternatives or in situations of limited cash availability, the seminar will also consider methods for seeking to compromise debts owed to creditors, including strategy considerations for dealing with creditors.

Integral to this discussion will be considerations of timelines and the period through which a mining company will be able to sustain its operations based on available and incoming cash resources, and the role of professional advisors in assisting with such restructuring alternatives.