At Fogler, Rubinoff, we believe that making a difference begins with trust. Experience and sound judgment earn it. Client relationships are built on it. Results keep it.

G. Michael Hobart*

Partner

t: 416.941.8856 f: 416.941.8852 mhobart@foglers.com
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*Services provided through a professional corporation

PROFILE

Michael's practice is focused on securities, corporate finance, corporate governance and mergers and acquisitions in the mining industry. He advises Canadian and international clients in connection with a wide range of public equity and debt offerings. Michael has represented mining clients in mining asset and stock purchase transactions, the formation of joint ventures and drafting and negotiating mining agreements.

Publications

JULY 14 2020

10 Considerations Special Committees Should Address in A Going Private Transaction

Public issuers may choose to go private for several reasons. Among those most common may include the desire to minimize the time and costs affiliated with being a reporting issuer (audit, legal, transfer agent, stock exchange), the potential for greater fundraising activities, and the ability to close transactions faster. We have prepared this article to summarize ten (10) considerations that issuers, directors and special committee members should turn their minds to during a going private transaction.

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MAY 21 2020

Doing Business in Canada - 2020 Edition

This comprehensive guide provides an overview of the legal framework governing Canadian business operations and outlines key considerations for investing and conducting business in Canada. Find up-to-date information on the following topics:

  • Types of Business Organizations
  • Directors' Liabilities
  • Foreign Investment and Anti-Competition Legislation
  • Bankruptcy and Insolvency
  • Securities Regulation
  • Sales and Transfer Taxes
  • Income Taxes
  • Customs and Excise Duties
  • Intellectual Property
  • Investment Incentives
  • Immigration Restrictions for Non-Canadians
  • Employment Law
  • Environmental Law
  • Electronic Commerce
  • The French Language Requirements in the Province of Quebec
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APRIL 22 2020

UPDATE: COVID-19 Pandemic Assessment Work Relief Applications Under The Mining Act (Ontario)

On April 17, 2020 the Ministry acknowledged in a Mining Lands Administration System Update (the "Update") that the pandemic is a special circumstance creating challenges for all claim holders in Ontario. The Update provides that holders with claim anniversary dates on or before December 31, 2020 will be given an exclusion order by simply making a brief email request to the Provincial Mining Recorder Office at pro.ndm@ontario.ca on a no cost basis. The exclusion order will remove the requirement to carry out assessment work for a period of time of up to 12 months.

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MARCH 31 2020

COVID-19 Pandemic - Assessment Work Relief Applications Under the Mining Act (Ontario)

Following the declaration of emergency made on March 17, 2020 under the Emergency Management and Civil Protection Act (Ontario) due to the COVID-19 pandemic, the ability of holders of unpatented mining claims to perform assessment work required under the Mining Act (Ontario) (the "Act") will be difficult or impossible until such time as government ordered social distancing measures have been lifted.

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MAY 27 2015

Mining Act Modernization

APRIL 13 2015

Ontario Mining Blog

FEBRUARY 13 2014

Ontario Mining Blog

JANUARY 08 2014

Ontario Mining Blog

OCTOBER 22 2013

Ontario Mining Blog

SEPTEMBER 17 2013

Ontario Mining Blog

AUGUST 27 2013

Ontario Mining Blog

JULY 13 2013

Ontario Mining Blog

JUNE 05 2013

Ontario Mining Blog

MAY 06 2013

Ontario Mining Blog

Industry Groups

Representative Work

Goliath Resources Limited

Goliath Resources Limited in connection with the qualifying transaction with Bitumen Capital Inc. and listing on the TSX Venture Exchange.

Alray Investements Inc.

 Alray Investments Inc in connection with the acquisition of the Bellavista gold project in Costa Rica.

PetroMaroc Corporation plc

 PetroMaroc Corporation plc in connection with the sale of oil and gas concessions in Morocco to Sound Energy plc.

Gold Candle Ltd.

 Gold Candle Ltd. in connection with its acquisition of the Kerr Addison Mine from Kerr Jex Corporation.

Talara Inc.

Talara Inc. SA in connection with its acquisition of the Bella Vista mine, near Miramar, Costa Rica from B2Gold Corp.

APIC Petroleum Corp.

APIC Petroleum Corp. in connection with Plan of Arrangement with Longreach Oil & Gas Limited

Fraser Mackenzie Holdings Inc.

Fraser Mackenzie Holdings Inc. in connection with corporate governance and shareholders' agreement matters

Forrester Resources Inc.

Forrester Resources Inc. in connection with the acquisition of mineral properties in Peru

Treelawn Investment Corp.

Treelawn Investment Corp. in connection with certain option agreements entered into with Trelawney Mining and Exploration Inc.

Desert Gold Ventures Inc.

Desert Gold Ventures Inc. in connection with acquisition of TransAfrika Belgique S.A.

Spider Resources Inc.

The Special Committee of the Board of Directors of Spider Resources Inc. in connection with takeover bid of Cliffs Natural Resources Inc.

Apollo Gold Corporation

Apollo Gold Corporation in connection with its business combination with Linear Gold Gorp. resulting in the formation of Brigus Gold Corp., an emerging gold producer listed on the TSX

Polaris Geothermal Inc.

Polaris Geothermal Inc. in connection with a plan of arrangement involving the amalgamation of Polaris Geothermal Inc., Western GeoPower Corp. and GTO Resources Inc. and the concurrent acquisition of Ram Power Inc. and the raising of $180 million in equity financing resulting in the formation of Ram Power, Corp., a TSX listed entity

Aquiline Resources Inc.

Aquiline Resources Inc. in connection with the takeover bid made by Pan American Silver Corp.

Apollo Gold Corporation

Apollo Gold Corporation in respect of a US$70 million project facility with Macquarie Bank Ltd. and RMB Resources Inc. for the development of the Black Fox Project and the earlier US$15 million bridge facility obtained by Apollo Gold Corporation from the same parties

Apollo Gold Corporation

Apollo Gold Corporation in respect of its purchase of the Mill Complex from St Andrew Goldfields for $20 million

Goliath Resources Limited

Acted for Goliath Resources Limited in connection with flow through private placement financings.

Boyuan Construction Group, Inc.

Acted for The Special Committee of the Board of Directors of Boyuan Construction Group, Inc. in connection with a going private transaction.

 

Platinex Inc.

Acted for Platinex Inc. in connection with various private placement financings and the acquisition of mining properties from Treasury Metals Inc. located adjacent to Platinex’s Shining Tree property in Northern Ontario.

 

St-Lucifer Spirits

Acted for St-Lucifer Spirits in connection with general corporate and commercial matters.

 

Proprint Services Inc.

 

Acted for Proprint Services Inc. in connection with general corporate and commercial matters

Memberships

  • Prospectors & Developers Association of Canada
  • Canadian Bar Association
  • Law Society of Ontario

Education

  • Admitted to Ontario Bar, 1987
  • University of New Brunswick, LL.B., 1985
  • McGill University, Economics, B.A., 1982

Community Service

  • McGill University, Alumni Association of Toronto, Past President
  • Jesters Club (Canada), Past Chairman
  • Opimian Society The Wine Society of Canada, Past Director and Area Representative
  • Toronto Racquet Club, Past President
  • Neuchatel Junior College, member of the Canadian Advisory Committee
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