Altair Water and Drilling Services Inc. Buys Alken Basin Drilling Ltd.
Red Deer, Alberta; May 11, 2016 – Altair Water and Drilling Services announces today it has bought the business of Alken Basin Drilling in Red Deer, Alberta.
Fiduciary Duties of Directors and Officers in the “vicinity of insolvency”
The duty of directors is always to direct the affairs of the corporation so as to maximize its value for the benefit of its stakeholders. When a corporation is solvent, those stakeholders are the corporation’s shareholders. When the corporation is insolvent, its creditors take the place of the shareholders as the residual beneficiaries of any increase in its value.
Energy Marketer Closes $17.0 Million Revolver
Bridging Finance Inc. has announced it provided a $17.0 million Revolver loan facility to an Energy Marketer with a leading presence in the Ontario and Quebec markets. Sinclair Range Inc. assisted the borrower with this transaction.
Commodities M&A Update – Q4 2015
Notwithstanding big headlines of deal making and consolidation in the energy sector, driven by cheap prices, the truth is few players have been making acquisitions.
Special Purpose Acquisition Companies (Public Shells)
A special purpose acquisition company is as publicly traded shell company organized to acquire an unknown target in the future.