On April 16, 2015 Kelt Exploration Ltd. (Kelt) completed the acquisition of Artek Exploration Ltd. (Artek) for approximately $320 million in accordance with a previously announced Plan of Arrangement (the Arrangement). Pursuant to the Arrangement, Artek became a wholly-owned subsidiary of Kelt and Artek’s name was changed to Kelt Exploration (LNG) Ltd.
Kelt is a Calgary, Alberta, based oil and gas company focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.
Kelt was represented by Borden Ladner Gervais LLP with a team that included William Guinan, Louise Lee, Michael Saliken, and Ravi Latour (securities), Colin MacDonald (competition), Laurie Robson (employment), and J.P. Couture (tax).
Artek was represented by Burnet, Duckworth & Palmer LLP with a team that included Michael Sandrelli, Grant MacKenzie and Jessica Brown (securities), Jody Wivcharuk (competition), Gina Ross (employment) and Heather DiGregorio (tax).