|Date Announced:||October 10, 2018|
|Date Closed:||December 14, 2018|
|Deal Value:||C$675 million|
|Client Name:||BlackPearl Resources Inc.|
On December 14, 2018, International Petroleum Corporation (IPC) completed its acquisition of BlackPearl Resources Inc. (BlackPearl) by way of a share exchange pursuant to a plan of arrangement under the Canada Business Corporations Act with a value of approximately C$675 million, combines IPC, an international oil and gas exploration and production company with a portfolio of assets located in Canada, Malaysia and Europe and BlackPearl, a Canadian-based heavy oil exploration and production company with production primarily from conventional, steam assisted gravity drainage and enhanced oil recovery heavy crude oil projects.
Bennett Jones LLP represented BlackPearl Resources Inc. with a team that included Renee Ratke, Kahlan Mills, Eric Chernin and Jordan Primeau (M&A/Corporate), Darcy Moch and Anu Nijhawan (Tax), Denise Bright (Financial Services), Beth Riley (Competition), Justin Lambert (Litigation) and John Batzel (Employment).