28 December 2023 • 1 minute read
DLA Piper Canada advised Waroona Energy on plan of arrangement and acquisition by Frontier Energy
On December 14, 2023, Waroona Energy Inc. (TSXV: WHE) (Waroona) announced it had completed a plan of arrangement with Frontier Energy Limited (ASX: FHE; OTCQB: FRHYF) (Frontier), resulting in Waroona becoming a subsidiary of Frontier and creating a large-scale renewable energy development company in Western Australia.
The previously announced arrangement was approved at a special meeting of shareholders of Waroona held on December 8. Frontier is an Australian company developing the large-scale Bristol Springs Solar Project in the heart of Western Australia. Waroona is on track to become one of the first, low cost green hydrogen projects in Australia.
Further details on the transaction can be found here.
The DLA Piper Canada deal team assisting Waroona was led by Ruby Chan and included Amanda Vogeli, Patrick Webb and Kaleigh Nevin (Corporate; Securities), Michael Lisanti (Litigation), Kevin Wright (Investment Canada Act), and Geneviève Lille and Jenny Du (Tax).
