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Corporations, Partnerships & Associations Law - CORPORATIONS - Shareholder meeting called by court - Arrangement - Powers of court - Interim orders - Meetings of shareholders - Dissent and appraisal rights

Thursday, December 15, 2016 @ 7:00 PM  

Appeal by Marquee Energy from an order directing Alberta Oilsands Inc. (AOS) to hold a shareholder vote to approve the merger of AOS with Marquee. AOS was involved in oil sands operations in Alberta, and received a $35 million compensation payment from the Alberta government in 2015, when its licenses for Fort McMurray were cancelled. The licenses were AOS’s only asset. AOS began talks with Marquee, which had conventional oil and gas assets, but needed better capitalization. Smoothwater, a 14 per cent shareholder of AOS, urged...