representative work

Strathcona Resources Acquires Caltex Resources


On November 30, 2021, an entity controlled by Strathcona Resources Ltd., an affiliate of Waterous Energy Fund, acquired Caltex Resources Ltd. pursuant to a court-approved plan of arrangement under the Business Corporations Act (Alberta). Pursuant to the arrangement, each former shareholder of Caltex is entitled to receive all-cash consideration in exchange for their common shares in the capital of Caltex.

Cassels acted as legal counsel to Caltex.