Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Xstrata Zinc sells its interest in Vendome property to Abcourt Mines

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Xstrata Canada Corporation

On February 28, 2011, Abcourt Mines Inc. announced that Xstrata Canada Corporation – Xstrata Zinc Canada Division (Xstrata Zinc) had agreed to sell to Abcourt its interest in fifteen half claims, representing approximately 300 hectares, known as the Vendome property located in northwestern Quebec. This property is located on a 2,000-meter long zone owned in part by Abcourt and in part by Xstrata Zinc.The consideration is: 400,000 shares of the capital stock of Abcourt, 2 % net smelter return royalty on any production originating from the Xstrata Zinc property, and a right to purchase or treat any concentrate produced from the Xstrata Zinc property on competitive terms.Xstrata Zinc was advised in this transaction by Jean M. Gagné and Émilie Nadeau of Fasken Martineau.

    Subscribe

    Receive email updates from our team

    Subscribe