Jason Saltzman  

Partner

Executive Summary

Jason Saltzman is a partner in the Toronto office of Borden Ladner Gervais LLP. Jason is a member of our Securities and Capital Markets Group where he practises in mergers and acquisitions, as well as corporate and securities transactions. Jason is a member of our M&A, Life Sciences, Mining and Private Equity Groups and has developed an expertise in cross-border M&A as well as cross border private investment in public equity (PIPE) transactions with an emphasis in the life sciences and mining sectors. Jason has significant experience in public mergers and acquisitions as well as a broad range of experience with a wide variety of corporate transactions, including initial public offerings, public and private offerings of equity and debt, proxy contests and stock exchange listings.

Prior to joining BLG, Jason was a partner at another leading Toronto law firm for over six years in their Mergers & Acquisitions, Capital Markets, Private Equity and Mining practices, and prior to that he practised cross-border mergers and acquisitions and securities with the Toronto office of a leading New York law firm.

Representative Work

M&A Transactions

  • Cynapsus Therapeutics Inc. in its US$825 million acquisition by Sunovion Pharmaceuticals
  • Energy Fuels Inc. in its share for share acquisition of Uranerz Energy Corporation
  • Health Care REIT (now Welltower) in its $1-billion acquisition of HealthLease Properties REIT.
  • Stone Canyon in its US$2.4 billion acquisition of BWAY Corp.
  • Globalive Capital and a consortium of investors in their acquisition of of VimpelCom's interest in WIND Mobile
  • JLL Partners in connection with its acquisition of all of the outstanding shares of Patheon Inc. by way of a plan of arrangement in a deal valued at approximately US$1.98 billion.
  • Polynt Group in its acquisition of CCP Composites and related debt financing.
  • Corsa Coal in connection with its acquisition of the Kopper Glo mine from Quintana Energy Partners and the reverse take-over of Corsa by Quintana.
  • Kensington Capital Partners in the sale of its Chaleur  Sawmills business
  • Glovalive Capital in the sale of its Fixed Line business.
  • Bottomline Technologies in its acquisition of certain assets from Litco Systems Inc. and a group of other vendors.
  • Iron Ore and EMC in its hostile bid and subsequent joint bid with ArcelorMittal for Baffinland Iron Mines, a transaction valued at $590 million.
  • The Special Committee of Huntingdon REIT in its unit for unit merger with IAT Air Cargo Facilities Income Fund, following which the combined entity had an enterprise value of $370 million.
  • Pershing Square and other institutional investors in connection with their successful efforts to oppose Sears Holdings' squeeze out the minority shareholders of Sears Canada.
  • Jaguar Financial in its successful challenge of the TSX's decision in HudBay/Lundin.

Corporate Finance Transactions

  • Cynapsus Therapeutics Inc. in its US$72.5 million U.S. initial public offering under the MJDS.
  • Energy Fuels in connection with a number of cross border offerings, including two at-the-market offerings, an overnight marketed offering and a bought  deal offering.
  • National Bank as lead underwriter in a bought deal, secondary private placement offering of approximately $20 million of common shares of Savaria Corporation
  • Dundee Capital Markets as lead underwriter in connection with Excelsior Mining's $4 million bought deal offering
  • Cormark as lead agent in connection with Ram Power's $50 million private placement of units consisting of high yield secured debentures and warrants.
  • Concentra Financial in its $80 million deposit note offering led by CIBC World Markets.
  • Tethys Petroleum Limited in a number of corporate finance deals involving the issuance of ordinary shares, warrants and convertible debentures to various investors
  • Xstrata plc in connection with the establishment and renewal of its US$6 billion EMTN Program and the subsequent €1.75 billion takedown thereunder.
  • Jaguar Mining in connection with its $86.3 million overnight marketed offering of common shares and $110.6 million bought deal of common shares.
  • Temasek Holdings (Private) Limited in connection with its $500 million investment in Inmet Mining by way of subscription receipts.
  • Liberty Metals & Mining with its 17 per cent investment in Allana Potash Corp.

Publications & Presentations

  • Co-Author, "Do I hear an Eco? OSC Approach to Share Issuances in Proxy Fight Echoes the Approach in Take-overs," BLG Securities and Capital Markets Bulletin, August 2017.
  • Co-Author, "TSX Pares Back Proposal to Amend Website and Security Based Compensation Disclosure," BLG Securities and Capital Markets Bulletin, April 2017.  
  • Co-Author, "Less is More - the CSA Considers Significantly Streamlining Prospectus and Continuous Reporting Disclosure," BLG Securities and Capital Markets Bulletin, April 2017.  
  • Co-Author, "#NoMaterialInformation - CSA Provides Guidance on Social Media Use," BLG Securities and Capital Markets Bulletin, April 2017.  
  • Speaker, "BLG Access to Capital Seminar Series -  Raising Capital in the United States" – December 2016
  • Contributor, "ABA 2015 Canadian Public Target Deal Points Study."
  • Author, "CANADIAN SPACS Ride the Lightning - Summer 2015," Securities and Capital Markets Bulletin, June 2015.
  • Author, "2015 Disclosure Update," BLG's Securities & Capital Markets Bulletin, February 2015 (with Colin Cameron-Vendrig).
  • Author, "CSA Provides “Guidance” Not Rules to Regulate Proxy Advisory Firms, " BLG’s Securities & Capital Markets Bulletin, May 12, 2014.
  • Speaker, "Alternative Financing Strategies for Challenging Times," Short course delivered with GMP Securities L.P., Prospectors & Developers Association of Canada (PDAC) Conference, 2014.
  • Author, "Owner Unrest," Corporate Risk Canada, March 2014
  • Author, "Canadian M&A in 2013: Introduction and Macro Trends," Lexpert 2014 Guide to the Leading 500 Lawyers in Canada, 2013.
  • Author, "Capital Raising Prospectus Exemptions," Federated Press Volume 18, 2013.
  • Author, "OSC Continues to Examine New Capital Raising Prospectus Exemptions," BLG's Securities & Capital Markets Bulletin, September 2013.
  • Author, "Response to CSA and AMF to their Requests for Comments to their Proposals Regarding Rights Plans," July 2013.
  • Author, "Shareholder Activism is on the Rise – Is Your Board Ready?," BLG's Securities & Capital Markets Bulletin, May 2013.
  • Author, "Drafting Go-Shop Clauses in Canadian M&A Transactions," International Law Office, April 2013.
  • Author, "The OSC Examines Four New Capital Raising Prospectus Exemptions," BLG's Securities & Capital Markets Bulletin, February 2013.
  • Author, "Summary of BCSC Mining Report," BLG's Securities & Capital Markets Alert, January 2013.
  • Speaker, "Negotiating PIPE Transactions," 9th Annual Advanced Mergers & Acquisitions Summit, December 2011.
  • Speaker, "Underwriting Agreements," The Canadian Institute's Intensive Course in Securities Law, November 2011.
  • Author, "Negotiating PIPE Transactions in Canada," Westlaw Business Currents, June 2010.
  • Speaker, "HudBay/Lundin Transaction," Fundamentals of U.S. Securities Law," April 2009.

Rankings & Recognitions

  • Recognized in the 2015-2016 edition of the Lexpert — Special Edition on Global Mining
  • Recognized in the 2016 and 2015 editions of The Canadian Legal Lexpert® Directory (Private Equity).