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Richard J. Steinberg, Partner | M&A, Mining

Richard J. Steinberg *

Partner Fasken
Knowledgeable, strategic and practical.
Jurisdiction Ontario, 1988
Language(s) English
Office(s) Toronto
Contact
*practising through a professional corporation
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Overview

Richard Steinberg’s practice is primarily on mergers and acquisitions and corporate finance. Richard advises targets, buyers and investors in both solicited and unsolicited transactions, with a particular focus in cross-border transactions. Richard’s corporate finance practice is focused on structured and cross-border financings, with extensive experience acting for both underwriters and issuers. Richard is the former Chair of Fasken’s Securities and Mergers & Acquisitions Group.

Richard also advises companies, directors and shareholders on proxy contests and on a broad range of corporate governance and securities compliance matters.

As a member of the Senior Securities Lawyers Advisory Group of the Ontario Securities Commission and a former member of the Securities Advisory Committee of the Commission, Richard has provided insights to the Commission on legislative and policy initiatives, as well as capital market trends.

Richard is a former lecturer at the Rotman School of Management at the University of Toronto and is frequently invited to speak at professional conferences on various aspects of securities law in Canada and the United States.

Richard’s securities and mergers and acquisitions practice is recognized by Best Lawyers in Canada, Canadian Legal Lexpert Directory and others.

 

Achievements

Client Work

  • TD Securities Inc. leads syndicate of dealers in C$1.75 billion public offering of medium term notes (NVCC) of the Toronto-Dominion Bank, [Deal - TD Securities Inc.], Toronto-Dominion Bank completes corporate bond offering of medium-term notes.
  • Elemental Royalties Corp. announces the completion of a share-for-share merger of equals with Altus Strategies plc., [Deal - Elemental Royalties Corp.], Precious metals royalty companies combine by way of Canada-U.K. cross border share-for-share merger of equals
  • Elemental Royalties Corp. successfully defends against hostile takeover bid by Gold Royalty Corp., [Deal - Elemental Royalties Corp.], Precious metals royalty company successful in defending against hostile takeover bid
  • Issuance of a C$5 million convertible debenture to Co-operators Financial Services Limited by Smart Employee Benefits Inc., [Deal - Co-operators Financial Services Limited], Provider of IT and benefits processing software and services issues C$5 million convertible debenture to subsidiary of Canadian financial services co-operative.
  • Desjardins Securities Inc. and BMO Nesbitt Burns Inc. lead C$64 million bought deal for Ascot Resources Ltd., [Deal - Desjardins Securities Inc. and BMO Nesbitt Burns Inc.], Desjardins Securities Inc. and BMO Nesbitt Burns Inc. lead C$64 million bought deal for Ascot Resources Ltd.
  • Equitable Group Inc. closes C$230 million subscription receipt offering, [Deal - TD Securities Inc. and RBC Dominion Securities Inc.], TD Securities Inc. and RBC Dominion Securities Inc. lead syndicate of underwriters in C$230 million bought deal offering for Equitable Group Inc.
  • Eldorado Gold Corporation completes US$500 million senior notes offering, [Deal - Eldorado Gold Corporation], Eldorado Gold Corporation completes US$500 million senior notes offering.
  • BMO Capital Markets and Raymond James Ltd. lead C$61 million bought deal for Ascot Resources Ltd, [Deal - BMO Capital Markets], $61 million bought deal public offering of common shares of Ascot Resources Ltd.led by BMO Capital Markets and Raymond James Ltd
  • Greenlane Renewables C$26.5 million bought deal offering, [Deal - TD Securities Inc.]

Career & Education

Education

  • LLB University of Toronto
  • BA Columbia University

Memberships & Affiliations

  • Member, Senior Securities Legal Advisory Group of the Ontario Securities Commission
  • Former Member, Securities Advisory Committee of the Ontario Securities Commission
  • Member, Canadian Bar Association
  • Member, Ontario Bar Association

Knowledge

Events

News

Publications

  • New Take-Over Bid Rules Seek to Level the Playing Field … But Will Bidders Still Play?, 3/31/2015
  • Ontario Court of Appeal Loosens Restrictions on Securities Class Actions, 2/5/2014
  • In Canada, A New Preferred-Share Structure for Tier-1 Capital, 11/22/2010
Article New Take-Over Bid Rules Seek to Level the Playing Field … But Will Bidders Still Play? Timely Disclosure
Article Ontario Court of Appeal Loosens Restrictions on Securities Class Actions Timely Disclosure

Speaking Engagements

  • Activist Strategies for Effective Board Change, 4/27/2017
  • Changes to Canadian Take-Over Bid Regime, 4/18/2016
  • Building a Better MD&A – Reassess and Improve Your MD&A Disclosure, 10/15/2013
Activist Strategies for Effective Board Change IBD Conference location location New York, USA
Changes to Canadian Take-Over Bid Regime IBD Conference location location New York, USA
Building a Better MD&A – Reassess and Improve Your MD&A Disclosure Infonex location location Toronto

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