Equinox Minerals Ltd., which makes most of its corporate decisions in Perth, Australia, may avoid a foreign investment review by the Canadian government because it’s based in Toronto, the Globe and Mail reported.
Equinox, which incorporated in Canada in 2004, offered this week to buy Toronto-based Lundin Mining Corp. for C$4.8 billion ($4.9 billion).
Equinox’s legal advisers say the bid won’t fall under the Investment Canada Act, in which the Canadian government reviews any bid worth more than C$300 million by a foreign investor, the newspaper said.
To contact the reporter on this story: Sean B. Pasternak in Toronto at email@example.com.
To contact the editor responsible for this story: David Scanlan at firstname.lastname@example.org