Junex Inc. (“Junex”) (TSXV:JNX) and Cuda Energy Inc. (“Cuda”), a private Alberta based exploration and development company, entered into an arm’s-length arrangement agreement dated June 8, 2018, that provides for the combination of Cuda and Junex to create a new, well-capitalized, high netback, light oil, North American producer focused on delivering strong organic growth to shareholders. The combination of Cuda and Junex will be completed by way of plan of arrangement (the “Arrangement”) under the Business Corporations Act (Québec).
Dentons Canada LLP acted for the issuer Junex Inc. advising the corporation in connection with its business combination with Cuda Energy Inc. The Dentons team included Adam Allouba, Martin Poulin, Marc-André Bélanger, Louis-Philippe Lacasse in Montréal, and Doug Eingurt in Atlanta.
Borden Ladner Gervais LLP acted for Cuda Energy Inc. with a team led in Calgary by Bruce Lawrence that included Lloyd McLellan and Steven Bodi (Securities and Capital Markets/Oil & Gas), Daniel Sears (Financial Services) and Pascal de Guise (Securities and Capital Markets, Montréal).
McCarthy Tétrault LLP acted for the special committee of Junex Inc. with a team that included Philippe Leclerc, Charles-Antoine Souliere, and Myreille Gilbert.