Leucrotta Exploration Inc. completes plan of arrangement

1 minute read
31 May 2022

On May 31, 2022, Leucrotta Exploration Inc. (TSXV: LXE) completed its previously announced plan of arrangement under the Business Corporations Act (Alberta), pursuant to which Vermilion Energy Inc. acquired all of the issued and outstanding securities of Leucrotta for an aggregate consideration of approximately $500 million, excluding value assigned to the newly formed Montney company, Coelacanth Energy Inc.

Gowling WLG was counsel to Leucrotta and Coelacanth in this transaction with a team led by Frank Sur and Greg Peterson, and including Jason Mullins, Andrew Wong and Melanie Condic (corporate); Lesley Kim and Paul Carenza (tax) and Michael Bussman (GST); Lorne Rollheiser and Adriana DaSilva Bellini (regulatory/oil & gas); Max Brunette (employment); and Emily McCartney (litigation/court matters).

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