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Canadream Corporation Completes Arrangement To Be Taken Private By Apollo Tourism and Leisure LTD.

Date Closed: 7/12/2017

Value: C$27.8 million

On July 12, 2017, CanaDream Corporation (CanaDream) completed a transaction resulting in the acquisition by an affiliate of Apollo Tourism & Leisure Ltd.(Apollo), ATL Canada Ltd., of all the issued and outstanding shares of CanaDream, other than shares already held by Apollo or its affiliates, pursuant to a plan of arrangement under the Business Corporations Act (Alberta).

Following completion of the arrangement, Apollo, through its affiliates, owns 100 per cent of CanaDream. The CanaDream shares were delisted from the TSX Venture Exchange on July 17, 2017.

BLG represented CanaDream with a team led by Joel Jones and including Louise Lee and Ravi Latour.