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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Arcan Resources Ltd. Completes $171.25 Million Debt for Equity Exchange

2015

Areas Corporate Finance and Securities, Corporate Restructuring, Mining and Natural Resources, Tax

Summary

Goodmans represented the ad hoc committee of debentureholders in connection with the completion by Arcan Resources Ltd. (Arcan) of an exchange of its $171.25 million convertible unsecured subordinated debentures into common shares of Arcan. The exchange was approved at a meeting of its debentureholders and was structured as the result of a transaction settled between Arcan and the ad hoc committee of debentureholders. 

Arcan is a corporation headquartered in Calgary, Alberta and principally engaged in the exploration, development and acquisition of oil and natural gas in western Canada.