US$500 Million Merger of Desert Sun Mining Corp. and Yamana Gold Inc.March 31, 2006
On March 31, 2006 the shareholders of Desert Sun Mining Corp. (TSX:DSM;AMEZ:DEZ), that own the Jacobina gold mine in Bahia, Brazil, approved the business combination of Desert Sun and Yamana Gold Inc. (TSX:YRI; AMEZ:AUY;LSE(AIM):YAU) by way of Plan of Arrangement under the
Canada Business Corporations Act. The combination valued Desert Sun at approximately US$500 million.
Wildeboer Dellelce LLP represented the special committee of the board of directors of Desert Sun with a team that included Perry Dellelce, Troy Pocaluyko, Mark Wilson and Diana Escobar (corporate/securities).