Government of Saskatchewan
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OC 87/2009 - SaskEnergy Incorporated Investment in Heritage Gas Limited for $7,000,000 (Maintain 50.1% Share Ownership) (Minister of Crown Corporations)
Description:

Title: SaskEnergy Incorporated Investment in Heritage Gas Limited for $7,000,000 (Maintain 50.1% Share Ownership)

Minister: Minister of Crown Corporations

Summary:
Orders that:

SaskEnergy Incorporated is authorized to invest, through the following series of transactions, an additional amount not to exceed $7 million, to maintain a 50.1% share ownership interest in Heritage Gas Limited, the holder of a natural gas distribution franchise in Nova Scotia:

(a) the investment by SaskEnergy Incorporated of an amount not to exceed $7 million to acquire shares in SaskEnergy Nova Scotia Holdings Ltd., a wholly owned subsidiary of SaskEnergy Incorporated; and

(b) the investment by SaskEnergy Nova Scotia Holdings Ltd., of an amount not to exceed $7 million to maintain a 50.1% share ownership interest in Heritage Gas Limited, the holder of a natural gas distribution franchise in Nova Scotia.

See: The Crown Corporations Act, 1993, subsection 29(1) and The SaskEnergy Act, subsection 20(1)





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