The principal in a law firm is trying to set up Canada's first Internet direct public offering. He faces a number of regulatory hurdles and also must manage the task of replacing the regular underwriting function.

After paying $4.3 billion in 1996, for one of the world's largest deposits of high-grade, low-cost nickel at Voisey's Bay, in Labrador, Canada, by 1998 Inco Ltd. projected it would not be able to mine any ore until at least 2001. During this period Inco management saw its share price fall from nearly $55 to close to $15. Faced with decreased demand from its main customers in Asia, an oversupply of nickel due to a Russian competitor desperate .....more

On the evening of August 1, 1995, members of Scotia Capital Markets' Mergers and Acquisitions team sat back in their chairs to rework their reorganization strategy for Norcen Energy Resources Limited (Norcen). On September 1, 1994, Grant Billing, who had just come from a successful reorganization of Sceptre Resources, became the new president and CEO of Norcen. Billing's mandate at Norcen was to perform a similar strategic reorganization, .....more

The RTZ Corporation PLC (RTZ PLC) and RTZ Canada Inc., a wholly owned subsidiary of RTZ PLC, had decided to divest their 51.5% interest in the common shares of Rio Algom Limited. The decisional issue is the form of the secondary offering in a very difficult market. RTZ Canada Inc.'s investment banker has proposed an installment receipt offering.

Noranda Minerals undertakes annual environmental audits to satisfy its internal needs (see Noranda Minerals (A), case 9A91B008). This sequel contains a copy of the environmental report.

The focus of the case is on techniques for hedging gold production. The primary strategy is min/max strategy using over-the-counter gold option contracts. The recent gold price increase from a low of $360 within the year, to a current price of over $394 was making the roll-over decision that much more difficult than if prices had remained stable. The hedging decision involves the quantity of hedges to initiate, the timing of the moves, and the medium .....more

A new management team is considering making a change in the accounting for a fixed asset. They must identify the alternatives available, assess their impact and decide on the appropriate course of action.