On August 20, 2019, Colorado Resources Ltd. (TSXV: CXO) and Buckingham Copper Corp. announced that they had completed their previously announced plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Colorado acquired all of the issued and outstanding common shares of Buckingham and, in exchange, shareholders of Buckingham received 0.5 of a common share of Colorado for each Buckingham share held.
Colorado Resources is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in the "Golden Triangle" British Columbia.
Gowling WLG advised Colorado Resources in this transaction with a team that included Cyndi Laval, Stefan McConnell, Raymond Ong and Kean Siverthorn (corporate/M&A); Brent Kerr and Anita Yuk (tax); assisted by student-at-law James Stewart.
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