Attached files

file filename
8-K - 8-K - McEwen Mining Inc.a2211575z8-k.htm
EX-4.4 - EX-4.4 - McEwen Mining Inc.a2211575zex-4_4.htm
EX-8.1 - EX-8.1 - McEwen Mining Inc.a2211575zex-8_1.htm
EX-5.1 - EX-5.1 - McEwen Mining Inc.a2211575zex-5_1.htm
EX-23.1 - EX-23.1 - McEwen Mining Inc.a2211575zex-23_1.htm
EX-1.01 - EX-1.01 - McEwen Mining Inc.a2211575zex-1_01.htm

Exhibit 8.2

 

 

October 31, 2012

 

Board of Directors

McEwen Mining Inc.

181 Bay Street, Suite 4750

Toronto, ON

CANADA M5J2T3

 

Ladies and Gentlemen:

 

This firm has acted as Canadian counsel to McEwen Mining Inc., a Colorado corporation (the “Company”), in connection with Company’s proposed (a) distribution to the holders of record of the Company’s common stock (“Common Shares”), at no charge, transferable subscription rights to purchase up to 19,551,679 Common Shares (“Subscription Rights”), and (b) the issuance of Common Shares underlying the Subscription Rights upon the valid exercise of such Subscription Rights (the “Underlying Shares”), all of which will be distributed and issued by the Company pursuant to a prospectus supplement, dated October 31, 2012, and the accompanying base prospectus (such documents, collectively the “Prospectus”) filed as part of the Company’s registration statement on Form S-3 (File No. 333-182192) (the “Registration Statement”) initially filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, on June 18, 2012 and declared effective on August 3, 2012. This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(8) of Regulation S-K, 17 C.F.R. § 229.601(b)(8), in connection with the Registration Statement.

 

In connection with this opinion, we have examined the Registration Statement, the Prospectus, and such other documents and corporate records as we have deemed necessary or appropriate in order to enable us to render the opinion below. For purposes of this opinion, we have assumed (i) the validity and accuracy of the documents and corporate records that we have examined and the facts and representations concerning the registration of the McEwen Mining common stock that have come to our attention during our engagement, (ii) the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such documents, and (iii) that the issuance of the McEwen Mining common stock pursuant to the Registration Statement and Prospectus will be consummated in the manner described in the Registration Statement. For purposes of rendering our opinion, we have not made an independent investigation of the facts set forth in any of the above-referenced documents, including the Registration Statement and Prospectus. We have consequently relied upon representations and information presented in such documents.

 

 



 

This opinion is based on the facts and assumptions set out in the Registration Statement and the Prospectus, the current provisions of the Income Tax Act (Canada) (the “Tax Act”) and the regulations thereunder, and our understanding of the current published administrative policies and assessing practices of the Canada Revenue Agency (“CRA”) publicly available prior to the date of this document. This summary takes into account all proposed amendments to the Tax Act and the regulations thereunder that have been publicly announced by or on behalf of the Minister of Finance (Canada) prior to the date hereof (the “Proposed Amendments”) and assumes that such Proposed Amendments will be enacted substantially as proposed. However, no assurance can be given that such Proposed Amendments will be enacted in the form proposed or at all.

 

Except for the Proposed Amendments, this opinion does not take into account or anticipate any other changes in law or any changes in the CRA’s administrative policies and assessing practices, whether by judicial, governmental or legislative action or decision, nor does it take into account other federal or any provincial, territorial or foreign tax legislation or considerations, which may differ from the Canadian federal income tax considerations described herein.

 

Based upon and subject to the foregoing, and the qualifications, limitations and assumptions contained in the portion of the Registration Statement captioned “Certain Material Canadian Federal Income Tax Considerations”, we hereby confirm, as to the matters of Canadian federal income tax law, that the statements contained in the Registration Statement under the caption “Certain Material Canadian Federal Income Tax Considerations”, to the extent such statements constitute statements of law or legal considerations, reflect our opinion, as of the date hereof, with respect to the matters set forth therein. We have not considered and render no opinion on any aspect of the law other than as expressly set forth above.

 

This opinion is furnished to you solely for use in connection with the Registration Statement and may not be used for any other purposes without our prior written consent. We hereby consent to the reference to our firm in the portion of the Registration Statement captioned “Certain Material Canadian Federal Income Tax Considerations” and “Legal Matters” and to the filing of this opinion as an exhibit to the Registration Statement.

 

Yours Truly,

 

 

 

 

 

/s/ FRASER MILNER CASGRAIN LLP

 

FRASER MILNER CASGRAIN LLP

 

 

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