Equinox's Toronto Office Helps Avoid Foreign Investment Review, Globe Says

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 spasternak@bloomberg.net.

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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