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Razor Energy Corp. finalizes recapitalization deal, featuring debt settlement and rights offering

Date Closed

June 16, 2023

Lead Office



70.00 Million CAD

On June 19, 2023, Razor Energy Corp. ("Razor") Razor Energy Corp. and FutEra Power Corp. successfully finalized the transactions outlined in the debt settlement agreement with Alberta Investment Management Corporation ("AIMCo"). Under the agreement, Razor has resolved all its outstanding obligations to AIMCo related to a loan agreement from February 16, 2021.

Razor completed its debt settlement agreement with AIMCo by transferring equity interests in FutEra. Additionally, Razor concluded a rights offering, raising C$4,011,856.80, and AIMCo purchased common shares and warrants for C$4,000,000 through a standby purchase agreement.

Razor, based in Calgary, Alberta, is a publicly traded junior oil and gas development and production company concentrated on acquiring, and subsequently enhancing, producing oil and gas properties primarily in Alberta.

AIMCo, based in Edmonton, Alberta, is a diversified institutional investment manager with C$158 billion of assets under management.

McCarthy Tetrault advised Razor with a team led by Bradley Squibb that included Matthew Hooker (Business), Audrey Bouffard-Nesbitt and Amanda Robertson (Financial Services), Matthew Kraemer (Tax), and Jim Christie-Brooks, Sandra Robbins, and Trena Gallant (Business).