Opérations et transactions|4 avril 2012
Teck Resources to acquire SilverBirch Energy
Torys acted as tax counsel to SilverBirch Energy with a team that included Craig Maurice and Saira Bhojani
On April 4, 2012, SilverBirch Energy Corporation (SilverBirch) announced the closing of the previously announced plan of arrangement pursuant to which 8071667 Canada Inc., a wholly owned subsidiary of Teck Resources Limited (Teck), acquired all of SilverBirch's outstanding common shares.
Under the arrangement, announced in January, SilverBirch shareholders received C$8.50 in cash and one share of a new company, SilverWillow Energy Corporation (SilverWillow), per SilverBirch common share. SilverWillow holds substantially all of the assets of SilverBirch, other than SilverBirch's 50% interest in the Frontier and Equinox oil sands project. In connection with the arrangement, Teck contributed C$25 million in working capital to SilverWillow and its 50% interest in several oil sands leases that were jointly owned with SilverBirch.
Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy.
SilverBirch Energy is a Canadian-based pre-production oil sands exploration and development company with assets in Alberta's Athabasca oil sands area.
Further information can be found on SilverBirch's website.
Under the arrangement, announced in January, SilverBirch shareholders received C$8.50 in cash and one share of a new company, SilverWillow Energy Corporation (SilverWillow), per SilverBirch common share. SilverWillow holds substantially all of the assets of SilverBirch, other than SilverBirch's 50% interest in the Frontier and Equinox oil sands project. In connection with the arrangement, Teck contributed C$25 million in working capital to SilverWillow and its 50% interest in several oil sands leases that were jointly owned with SilverBirch.
Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy.
SilverBirch Energy is a Canadian-based pre-production oil sands exploration and development company with assets in Alberta's Athabasca oil sands area.
Further information can be found on SilverBirch's website.