Baker McKenzie, DLA Piper, Guerrero Olivos and Stikeman guide mining merger

Baker McKenzie in Chile and Stikeman Elliott in Canada advised Atacama Pacific on its merger with Rio2. The latter instructed DLA Piper in Canada and Guerrero Olivos in Chile.

Atacama Pacific Gold is headquartered in Toronto and it focuses on the acquisition, exploration and development of precious metals  in Chile. It owns and operates the Cerro Maricunga oxide-associated gold project, which holds 294.4 million tonnes at a grade of 0.40 grams per tonne gold of proven and probable reserves. 

Rio2 is based in Calgary, it is a multi-asset, multi-jurisdiction, precious metals company with exploration platforms in Peru and Central America. 

Under the terms of the agreement, each Atacama Pacific shareholder will receive 0.6601  shares of the combined company for each common share held and each Rio2 shareholder will receive 0.6667 shares of the combined company for each Rio2 common share held. 

Antonio Ortuzar, Jr, the Chile managing partner Baker McKenzie, led the team advising Atacama Pacific under local law. The company retained Stikeman Elliott for Canada counsel.  

DLA Piper in Canada and Guerrero Olivos in Chile advised Rio2.