representative work

Westbridge Enters into Definitive Agreements with MYTILINEOS


On June 1, 2023, Westbridge Renewable Energy Corporation announced that it had entered into arms length definitive agreements in connection with the purchase by Metka-EGN Ltd., a subsidiary of MYTILINEOS Energy & Metals, of 5 solar projects locations in Alberta for an estimated aggregate purchase price of up to approximately $346 million.

The transaction is to be completed by way of share purchase by Metka of all of the issued and outstanding shares of the following subsidiaries of Westbridge:  Georgetown Solar Inc., Sunnynook Solar Energy Inc., Dolcy Solar Inc., Eastervale Solar Inc. and Red Willow Solar Inc.

The closing of the transaction is conditional upon, among other things, obtaining approvals from Westbridge shareholders and the TSX Venture Exchange, and obtaining regulatory approvals from the Alberta Utilities Commission.

Cassels is acting for Westbridge.