December 2019

Recently, Canbriam Inc. went through a rebranding after their acquisition by Pacific Oil and Gas (PO&G). Canbriam Energy Inc. is a private company focused on developing rich liquid natural gas. The company was founded in the year 2007, and is headquartered in Calgary, Alberta. Despite this, the company runs most of their important operations in Altares and the Kobes Montney regions of northeast British Columbia.

Canbriam Energy Inc. also works to “improve the extent of negative externalities faced by the environment through the use of technology, attained through their investments in vapor recovery, waste heat recovery, solar power for electricity, and utilising recycled water”.

PO&G, managed by Royal Golden Eagle (RGE), is an independent energy resource development firm that holds multiple investments throughout the energy supply chain: upstream oil and gas developments, LNG receiving terminals, power plants and gas transmission networks.

The facilities held by PO&G for energy-based operations are spread out to several countries, although they only hold offices in China, Indonesia, and Singapore. PO&G ensures that all their investments carry out operations in a sustainable manner, therefore placing great importance in the process of pre-investing.

Royal Golden Eagle, previously known as Raja Garuda Mas, is a resource-based managing company that aims to develop resources sustainably to improve lives. RGE was founded by Indonesian businessman Sukanto Tanoto, who also serves as the current Chairman.

RGM has up to 60,000 employees, therefore managing multiple companies globally; APRIL and Asia Symbol (paper and pulp), Asian Agri and Apical (palm oil), Bracell (specialty cellulose), Sateri and Asia Pacific Rayon (viscose fibre), and Pacific Oil & Gas (integrated energy provider). Due to recent expansions, Pacific Oil and Gas (PO&G) is of great importance to RGE Groups.

The Acquisition

On 13th May 2019, the two companies involved made the announcement of the acquisition simultaneously. They confirmed that a contract had been signed, and that PO&G will acquire all of Canbriam Energy Inc.’s shares, both issued and outstanding.

While the transaction took place smoothly with both Boards of Directors in complete agreement, the company had to draw up a support and lock-up agreement for all other officers, directors, and shareholders that make up for more than 90 percent of the outstanding shares.

PO&G was expected to send an exempt takeover bid to the security holders at Canbriam Energy Inc. by 21st May 2019. The announcement ended with clear expectations of closing the acquisition before 1st July 2019.

PO&G successfully acquired Canbriam Energy Inc. on 18th June 2019. This includes both issued and outstanding shares of Canbriam Energy Inc. Upon the completion of the transaction, as intended, Canbriam Energy Inc. issued a conditional exemption notice to those holding on to their senior notes due 2019, so that they may retire it.
The following representatives were a part of the acquisition: Pacific Oil and Gas financial advisor was Macquarie Capital Markets Canada Ltd., and legal counsel was Bennett Jones LLP; for Canbriam Energy Inc., the financial advisor was RBC Capital Markets, and legal counsel was Norton …

One of the best things you can do in life is to give to charity. Sharing a little bit of your prosperity with those who are less fortunate than yourself is a great act of kindness. There are many ways to give, but some ways are better than others. Here are a few quick tips to help you give to charity in the smartest way possible and maximize your gift.

Choose Your Charity Wisely

When donating to charity, how much you give isn’t as important as deciding to give. Some entrepreneurs, like Eyal Gutentag, can make a difference by donating a lot, but all charities are just as happy when regular people donate. Choose a charity that helps a cause you are passionate about. It could be a cause close to your heart, like a group that funds cancer research or a group that helps families in poverty in another country. If you can donate a million dollars, then great! If you can only donate five, that will be accepted just as gratefully.

Know How Your Charity Works

Making sure the organization you are donating to is legitimate is important because there are a lot of scams trying to take advantage of generous people. Websites like give.org can tell you if your charity is real or not. Also, some organizations take a part of your donation for themselves for administrative fees, so you might want to research and see how much of your gift actually goes to the cause you are donating to.

Give More Than Money

Giving money is great, but if you aren’t in a position to donate financially, there are many ways to donate your time. Volunteering is a great way to help, whether it is working in a local soup kitchen, spending time with seniors at a rest home, or walking dogs at your local Humane Society.

Your donations, no matter how small make a big difference to those on the receiving end of them. Once you’ve chosen a cause you care about and have donated time or money, you’ll have the satisfaction that can only come with knowing you’ve helped out someone in need.…