On June 24th, 2008, Fraser Milner Casgrain LLP (FMC), in conjunction with Sedna-Serficor, a leading Mexican investment banking firm, presented at a day-long conference in Mexico City to Mexican mining companies with interests in dual-listings on the Toronto Stock Exchange (TSX). With high-level participation from the TSX, this was the first formal TSX event in Mexico aimed at promoting a better understanding of the opportunities offered by the TSX and the Canadian capital markets. Deloitte and Canaccord Adams, who co-sponsored the event, also presented.
The event, entitled Mining & Money: TSX – A Global Resource for Capital, was open to middle to upper level officials of Mexican mining companies, as well as specialized lawyers, accountants, investment bankers and consultants. How to list shares in Canada was top of the agenda for a one day seminar at which Michael Melanson and Sander Grieve presented, "Harnessing the Potential of the Canadian Capital Markets". Rob Fotheringham, Senior Vice-President of Trading, and Janis Koyanagi, Director of Business Development & Strategy at the TSX, demonstrated the unique TSX value proposition as a platform for growth capital for mining companies.
The Honourable Eduardo Sojo, Mexican Secretary of Economy, and the Honourable Norberto Roque, Mexican Under Secretary of Mining spoke at the conference, where they expressed their support for the initiative — highlighting that both countries share a long, proud history of mining, and that the sector continues to be a driving force behind both economies today. The keynote speaker at the luncheon was FMC client, Robert R. McEwen, the founder of Goldcorp Inc. and the CEO of US Gold Corporation.
Guillermo Rishchynski, Canadian Ambassador to Mexico also attended the session, recognising FMC’s commitment to creating opportunities in Canada for Mexican mining companies, and reinforcing efforts to build bridges between the two countries.
Along with Ministers, government officials and embassy representatives, attendees included high level executives from GrupoMexico, Scotia Capital, ABN AMRO Bank and Southern Copper.
FMC’s leading role in holding this event is part of a broader Mexico initiative by the firm and demonstrates FMC’s strong commitment to its growing practice in Mexico and other Latin American countries. As the only non-Mexican law firm member of the Camara Minera de Mexico (Mining Chamber of Mexico), the country’s leading industry group for mining, FMC is well-positioned to offer its mining expertise and experience to Mexican mining companies.
"The TSX is the premier stock exchange in the world for mining companies, competing with stock exchanges in London and New York," says Ralph Cuervo-Lorens, Partner, FMC Toronto. "FMC has extensive experience in mining, as well as an international focus and a strong relationship with the TSX. FMC, together with its partners, seeks to assist mining companies in Mexico, one of the most promising mining jurisdictions in the world, to capitalize on the strong natural resource markets at home and abroad."
Often viewed as the gateway to South America, Mexico offers unique investment opportunities. As a member of NAFTA, Mexico is a de facto bridge for Canada and the United States to South America through eight trade agreements with various Latin American countries.
For more information contact Ralph Cuervo-Lorens, Michael Melanson or Carlos Solorzano.
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