Athabasca Minerals Inc. files Notice of Intent following termination of share purchase agreement with JMAC Energy Services

Company

Athabasca Minerals Inc.

Law Firm / Organization
Fasken Martineau DuMoulin LLP

Company

KSV Advisory

Law Firm / Organization
Bennett Jones LLP

Athabasca Minerals Inc. (AMI), a TSXV-listed company from Alberta specializing in industrial minerals and frac sand supply, along with its associated entities, filed a Notice of Intent (NOI) to make a proposal on November 14. This filing occurred after the termination of an arrangement agreement where JMAC Energy Services had planned to acquire AMI's shares. The proposal trustee for this process is KSV. Legal representation for Athabasca Minerals is provided by Fasken, while Bennett Jones serves as counsel for the proposal trustee. This strategic move follows AMI’s efforts to manage its operations spanning aggregate activities across Western Canada and its ownership of AMI RockChain, a digital platform aimed at facilitating the buying, selling, and transportation of aggregates.

Other
Mining
Undisclosed/Confidential
Active