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ABCAF (Athabasca Minerals Inc.) is no longer actively trading.
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Athabasca Minerals Inc. (AMI) is a Canadian enterprise focused on the extraction and provision of aggregates and industrial minerals. Its operations are structured across four distinct divisions: AMI Aggregates, AMI Silica, AMI RockChain, and TerraShift. Key assets include its stake in the Richardson Quarry project, which encompasses three metallic and industrial mineral leases spanning 3,904 hectares situated north of the Fort McMurray region. AMI also possesses interests in the Montney In-Basin project, found near Dawson Creek, Alberta, and Fort St. John, British Columbia; the Duvernay…
EDMONTON, Alberta, April 26, 2024 (GLOBE NEWSWIRE) -- Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, “Athabasca” or the “Corporation”) announces today that it has closed the previously announced transaction (the “Transaction”) contemplated by the subscription agreement (the “Agreement”) between the Corporation and Badger Mining Corporation (“Badger” or the “Purchaser”) providing for the acquisition of the Corporation by the Purchaser. The Transaction follows the Corporation's filing of the Notice of Intention under the provisions of Part III, Division 1 of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and its previously announced sales and investment solicitation process (“SISP”). The Transaction was approved by the Alberta Court of King's Bench (the “Court”) on Friday, April 19, 2024.
EDMONTON, Alberta, April 19, 2024 (GLOBE NEWSWIRE) -- Athabasca Minerals Inc. (TSXV: AMI) (“Athabasca” or the “Corporation”) announced today that it has applied to delist its common shares (the “Common Shares”) from the TSX Venture Exchange (the “TSXV”). The delisting is being pursued in accordance with the terms of the subscription agreement between the Corporation and Badger Mining Corporation (“Badger”) dated February 9, 2024 (the “Agreement”), whereby, among other things, Badger will acquire all of the Common Shares (the “Transaction”). The Transaction is subject to, and has been approved by, an order of the Court of King's Bench of Alberta (the “Court”) under the Bankruptcy and Insolvency Act (the “BIA”), which order has been granted following an application held the morning of April 19, 2024.
Edmonton, Alberta--(Newsfile Corp. - March 11, 2024) - Athabasca Minerals Inc. (TSXV: AMI) (together with its subsidiaries, collectively, "Athabasca" or the "Corporation") announce that it has obtained an order (the "Order") from the Court of King's Bench of Alberta (the "Court") on March 8, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This Order extends the current stay period to April 22, 2024 (the "Stay Extension"), amending and restating the stay extension announced on January 26, 2024.
Edmonton, Alberta--(Newsfile Corp. - February 15, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces today that it has entered into a transaction agreement (the "Agreement") with Badger Mining Corporation (the "Purchaser" or "Badger") for the acquisition of the Corporation by Badger (the "Transaction"). The Transaction is to be implemented by way of a subscription agreement between the Corporation and the Purchaser, and a reverse vesting order ("RVO") to be issued by the Alberta Court of King's Bench (the "Court") under the Bankruptcy and Insolvency Act (Canada) (the "BIA"), pursuant to which: i) the existing common shares of Athabasca will be exchanged on a 1:1 basis for shares in a newly incorporated entity termed "ResidualCo"; ii) all other existing equity interests in Athabasca will be cancelled for no consideration; iii) certain existing claims and liabilities will be transferred from the Corporation to ResidualCo; and iv) Badger will be issued new shares from the Corporation's treasury and will acquire such shares free and clear of all claims and encumbrances.
Edmonton, Alberta--(Newsfile Corp. - January 29, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces that it has obtained an order from the Court of King's Bench of Alberta (the "Court") on January 26, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This order extends the current stay period to March 11, 2024 (the "Stay Extension"), amending and restating the initial order announced on December 15, 2023.