Parties
Company
Athabasca Minerals Inc.
Company
KSV Advisory
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.
Deal Type
OtherIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date