Marquee Energy Ltd. announced the completion of the acquisition of substantially all of the Western Canadian assets of Sonde Resources Corp., including all of its Southern Alberta
properties, pursuant to a plan of arrangement under the Business Corporations Act (Alberta).
In connection with the transaction, Sonde received 0.34 of a common share of Marquee for each Sonde common share outstanding, or in aggregate 21,182,491 common shares of Marquee and $15 million in cash. Pursuant to the terms of the arrangement, Sonde distributed the common shares of Marquee to its shareholders and retained the cash received.
Marquee Energy Ltd. was represented by Bennett Jones LLP with a team that included Brent Kraus, Harinder Basra and Donald Sullivan (capital markets) and Anu Nijhawan (tax).
Sonde Resources Corp. was represented by Norton Rose Fulbright Canada LLP, with a team that included Jennifer Kennedy, Lianne Tysowski, Kirsty Sklar and Krista Treasure (corporate finance and securities) and Dion Legge (tax).
properties, pursuant to a plan of arrangement under the Business Corporations Act (Alberta).
In connection with the transaction, Sonde received 0.34 of a common share of Marquee for each Sonde common share outstanding, or in aggregate 21,182,491 common shares of Marquee and $15 million in cash. Pursuant to the terms of the arrangement, Sonde distributed the common shares of Marquee to its shareholders and retained the cash received.
Marquee Energy Ltd. was represented by Bennett Jones LLP with a team that included Brent Kraus, Harinder Basra and Donald Sullivan (capital markets) and Anu Nijhawan (tax).
Sonde Resources Corp. was represented by Norton Rose Fulbright Canada LLP, with a team that included Jennifer Kennedy, Lianne Tysowski, Kirsty Sklar and Krista Treasure (corporate finance and securities) and Dion Legge (tax).
