QuestEx announces acquisition by Skeena Resources

1 minute read
30 March 2022

On March 30, 2022, QuestEx Gold & Copper Ltd. (TSXV: QEX) (OTCQX: QEXGF) announced that it had entered into a definitive agreement with Skeena Resources Limited whereby Skeena will acquire all of the issued and outstanding shares of QuestEx that Skeena does not currently own, pursuant to a court-approved plan of arrangement. 

The arrangement agreement has been unanimously approved by the boards of directors of both companies. The Board of Directors of QuestEx has evaluated the arrangement agreement with the company's  management and legal and financial advisors and, following receipt and review of a unanimous recommendation from the special committee of the Board of Directors in favour of the transaction, has unanimously determined that the arrangement agreement is in the best interests of the company, and has unanimously recommend that QuestEx securityholders vote in favour of the transaction.

Gowling WLG is acting as counsel to the QuestEx special committee with a team comprised of Cyndi Laval and Jill Dunn.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.