On June 8, 2015, Aspenleaf Energy Limited (Aspenleaf) completed its acquisition of all of the issued and outstanding common shares of Arcan Resources Ltd. (Arcan).
The acquisition was carried out pursuant to the terms of a plan of arrangement that was approved by Arcan’s shareholders on June 2, 2015. The total value of the acquisition was approximately $300 million, including assumed debt.
Aspenleaf was represented by Osler, Hoskin & Harcourt LLP. The Osler team was composed of Neal Ross and Justin Sherman (corporate/securities), Shuli Rodal (competition), Edmund Gill and Colena Der (tax) and Jason Comerford (US securities).