EXHIBIT 5.1
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Blake, Cassels & Graydon LLP |
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November 13, 2024 |
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enGene Holdings Inc. 4868 Rue Levy, Suite 220 Saint-Laurent, QC H4R 2P1 |
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RE: enGene Holdings Inc. - Registration Statement on Form S-3
Dear Sirs and Mesdames:
We have acted as Canadian counsel to enGene Holdings Inc., a corporation governed by the Business Corporations Act (British Columbia) (the “Corporation”), in connection with the preparation and filing with the United States Securities and Exchange Commission (the “SEC”) of a Registration Statement (the “Registration Statement”) on Form S-3 under the United States Securities Act of 1933, as amended (the “Act”) relating to the registration for resale by the Selling Holders named in the Registration Statement (the “Selling Holders”) of up to: (i) 46,977,183 common shares without par value, in the capital of the Corporation (“Common Shares”); (ii) up to 6,289,198 warrants to purchase Common Shares (“Warrants”) to be offered and sold by the Selling Holders; and (iii) up to 8,511,968 Common Shares issuable upon exercise of Warrants. Of the 46,977,183 Common Shares registered for resale, 6,758,311 Common Shares were issued pursuant to the Corporation’s private placement (the “October PIPE”), which closed on October 29, 2024 (the “October PIPE Shares”).
Materials Reviewed
In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of each of the following documents:
We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such public and corporate records, certificates, instruments and other documents.
Assumptions and Fact Reliance
We have assumed that:
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We have not undertaken any special or independent investigation to determine the existence or absence of any facts or circumstances relating to the Common Shares or the Subscription Agreements. No inference as to our knowledge as to such facts and circumstances should be drawn merely from our specific representation of the Corporation.
Whenever our opinion refers to the Corporation’s Common Shares as being “fully paid and non-assessable”, such opinion indicates that the holder of such Common Shares cannot be required to contribute any further amounts to the Corporation by virtue of its status as holder of such Common Shares of the Corporation, either in order to complete payment for such Common Shares, to satisfy claims of creditors of the Corporation, or otherwise. No opinion is expressed as to the actual receipt by the Corporation of the consideration for the issuance of such Common Shares or as to the adequacy of any consideration received.
Applicable Laws
We are qualified to carry on the practice of law in the Province of British Columbia. Our opinion below is expressed only with respect to the laws of the Province of British Columbia and the federal laws of Canada applicable therein, in each case, in effect on the date hereof. We express no opinion with respect to the laws of any other jurisdiction.
Opinions
Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that the October PIPE Shares registered under the Registration Statement have been validly issued as fully paid and non-assessable shares in the capital of the Corporation.
Qualifications and Liabilities
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This opinion letter has been prepared for your use in connection with the Registration Statement and is expressed as of the date hereof. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Corporation, the Registration Statement or the Common Shares and does not take into account any proposed rules, policies or legislative changes that may come into force following the date hereof.
We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement and to the reference to this firm under the caption “Legal Matters” in the Registration Statement. In giving this consent, we do not hereby agree that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC promulgated thereunder.
Yours very truly,
/s/ Blake, Cassels & Graydon LLP