Dunkley Lumber Ltd. signed a letter of intent to acquire Foothills Forest Products Inc. and Edgewood Forest Products Inc. from Callidus Capital Corporation (TSX:CBL) on September 25, 2018. Dunkley Lumber Ltd. entered into an agreement to acquire Foothills Forest Products Inc. and Edgewood Forest Products Inc. from Callidus Capital Corporation for approximately CAD 100 million on December 2, 2018. In addition, Dunkley Lumber Ltd. will acquire all property and assets of Westside Logging Ltd used primarily or exclusively in the Westside Logging business. The total consideration for the shares of Foothills Forest Products Inc. and Edgewood Forest Products Inc. and Westside Logging assets is CAD 106.85 million in cash of which CAD 7.34 million will be held in escrow. At the Closing, Dunkley Lumber will also pay, on behalf of Foothills Forest Products, all amounts owed by it to Glams Holdings Ltd. and the vendors’ loans and advances to the persons entitled thereto. The purchase price is subject to adjustment at closing. The completion of the transaction is subject to execution of definitive agreement, Dunkley Lumber’s obligation to complete the transaction will be subject to pre-closing reorganization involving transfer of targets from CC Resources Inc to Callidus Capital, obtaining all material consents and necessary regulatory approvals and is also Competition Act approval. As of January 14, 2019, an Advance Ruling Certificate under section 102 of the Competition Act has been issued in connection with the acquisition. The transaction is not subject to due diligence, employment or financing conditions. The transaction is expected to close late in the fourth quarter of 2018 or early in the first quarter of 2019. As of December 3, 2018, the transaction is expected to close no later than the first quarter of 2019. Gagnier Corporation acted as legal advisor to Callidus Capital Corporation. Lawson Lundell LLP acted as legal advisor in the transaction. Dunkley Lumber Ltd. completed the acquisition of Foothills Forest Products Inc. and Edgewood Forest Products Inc. from Callidus Capital Corporation (TSX:CBL) on January 31, 2019. Callidus will use approximately CAD 55 million of the cash received from the sale to repay indebtedness and the balance will be used for general corporate purposes. Raymond James Ltd. acted as financial advisor to Callidus in connection with the transaction. Lawson Lundell LLP acted as legal advisor to Callidus Capital.