ACQUISITION OF COMMON SHARES AND WARRANTS OF ATLAS ENERGY CORP. BY RICHARD F. MCHARDY
Concurrent with the Private Placement, the Company: (a) changed its name to "Atlas Energy Corp." from "Willow Biosciences Inc."; (b) consolidated its Common Shares on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares (the " Consolidation"); (c) appointed a new management team (the " New Executive Team") led by Mark Hodgson as President and Chief Executive Officer, Travis Doupe as Chief Financial Officer, Don Kornelsen as Vice President, Commercial, Ryan Giroux as Vice President, Corporate Development and Blair Anderson as Vice President, Geoscience of the Company and Richard Naden as a Senior Executive; and (d) reconstituted its board of directors, with the new board being comprised of Mark Hodgson, Richard F. McHardy, Gary Brown, Glenn McNamara and Scott Price. For the purposes of this Press Release, all figures are presented on a post-Consolidation basis.
The New Executive Team will focus on investing in producing and growth-oriented oil and gas assets aligned with their prior operating expertise. With a disciplined and diversified strategy, the Company will aim to acquire economic interests in undercapitalized assets that have been overlooked amid recent shifts in capital allocation within the industry. The portfolio will be structured to manage risk and capture upside by balancing exposure across jurisdictions, asset stages, commodity price dynamics and offtake structures. The Company is uniquely positioned as one of the only royalty and streaming platforms dedicated to international oil and gas - offering a rare opportunity to generate strong shareholder returns in an underserved segment of the market.
Immediately following the completion of the Private Placement, Acquiror beneficially owned or controlled, directly or indirectly, 64,400,000 Common Shares and 64,400,000 Warrants pursuant to the Private Placement, representing 10.23% (on a non-diluted basis) and 18.56% (on a fully diluted basis) of the voting securities of the Company. Prior to the Private Placement, Acquiror did not hold any securities of Atlas.
Acquiror acquired the Common Shares and Warrants for investment purposes and may, in the future, increase or decrease its ownership of securities of Atlas, directly or indirectly, from time to time depending upon, among other things, the business and prospects of Atlas and future market conditions.
For further details regarding the acquisition of the Common Shares and Warrants described above, see the Early Warning Report dated July 4, 2025, available on the Company's SEDAR+ profile.
SOURCE Richard F. McHardy
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
4 hours ago
- Cision Canada
YVR celebrates additional Asia-Pacific connections with inaugural T'way flight to Seoul Français
New carrier strengthens YVR's position as a global gateway, key driver of trade and economic impact MUSQUEAM TERRITORY and RICHMOND, BC, July 12, 2025 /CNW/ - Vancouver International Airport (YVR) is proud to be the first airport in North America to welcome regular service from South Korean airline, T'way Air. Today's inaugural flight kicks off four-times weekly, year-round service between Incheon International Airport (ICN) in Seoul and YVR, further positioning YVR as the preferred North American gateway to Asia-Pacific. The new T'way service provides the community with even more flexibility and convenience when travelling to South Korea and connections across Asia, but the benefits of this new service go beyond passengers alone. An additional air connection provides increased cargo capacity to further diversify trading markets and get British Columbian and Canadian products to consumers in Asia and around the world. 2024 was a record-breaking year for cargo out of YVR with more than 339,000 tonnes of goods shipped through the airport and South Korea is YVR's number two air export destination. "British Columbia has long had strong ties with South Korea and is home to a large Korean community that continues to make significant contributions to the cultural diversity and prosperity of our province," said B.C. Premier David Eby. "This affordable direct flight will allow people to stay connected with friends and family across the Pacific and also means that it will be faster and easier to do business with our fourth largest trading partner, strengthening the economic ties between us during a time of global uncertainty." "This new service to South Korea is about more than travel convenience—it represents a strategic investment in connectivity, trade, and Canada's place in the global economy," said Tamara Vrooman, President and CEO at YVR. "YVR is excited to further expand our ability to connect Canada with the world, to support industry and families, attract investment, and to further build resilience in supply chains." Each new international route from YVR results in direct economic benefit, with the flight to Seoul estimated to generate $39.8 million in economic output, $20.8 million in GDP, and 237 full time jobs in the province. "The launch of our Vancouver–Incheon route represents more than just a new destination—it's a meaningful bridge connecting people, cultures, and economic opportunity," said Mr. Sang Yoon Lee, CEO of T'way Air. "As the first Korean low-cost carrier to serve Canada, we're excited to welcome onboard travellers to Korea while continuing to deliver reliable service." Prior to the flight departing for its inaugural 11-hour journey, Elders from Musqueam, joined by Musqueam Councillor Morgan Guerin, helped send passengers on their journey in a good way with traditional songs and hands raised. Since 2017, this relationship has been guided by the Musqueam-YVR Sustainability & Friendship Agreement, a 30-year commitment built on respect, reconciliation, and shared prosperity. Flights with T'way from Vancouver to Seoul are scheduled to depart YVR at 5:25 p.m. local time arriving at ICN the next day at 9:35 p.m. local time. T'way is operating this route using an Airbus 330-300 aircraft, offering 347 seats, including lie-flat options in its Business Saver class, moving approximately 2,700 passengers weekly. Established in 2010, T'way Air is a low-cost carrier serving more than 40 destinations domestically in South Korea and around the globe including Europe, Asia, Australia, and now North America with the introduction of service to YVR. For further details on this new service and to book, please visit Photos and B-roll footage of the departure celebrations at YVR are available upon request by contacting [email protected]. ABOUT YVR Vancouver International Airport (YVR) is a diverse global hub that connects people, cargo, data, and ideas and serves as a platform for our community to come together and thrive. We are motivated by supporting regional economic development and making a positive difference in the lives of British Columbians. We do this with a focus on serving our passengers, partners, workers, and community through digital modernization, climate leadership, reconciliation, and financial sustainability.
Montreal Gazette
13 hours ago
- Montreal Gazette
Far fewer Quebecers and other Canadians travelling to the U.S. this year: StatCan
By Far fewer Canadians — including Quebecers — are travelling to the United States this year than they did in 2024. Recently released Statistics Canada data shows a sharp decline in Canadians returning to the country from abroad, driven by a decline in travel from the United States. The decline in travel, which also includes fewer U.S. visitors entering Canada, tracks with the first months of U.S. President Donald Trump's administration. This second Trump presidency has seen a sharp deterioration in Canada-U.S. relations marked by aggressive tariffs on Canadian goods and threats of annexation. With it have come calls to boycott American goods — and American vacations. Depending on the metric, travel from the U.S. has declined year-over-year every month since either January or February. Trump took office Jan. 20. In June, 1.3 million Canadians returned home from the United States at land crossings, making for 33-per-cent fewer trips than in June 2024. June was the sixth consecutive month that fewer Canadians crossed the land border back into the country, compared with the same months in 2024. Quebecers cut back on U.S. travel even more. Just 164,000 Canadians crossed the U.S. border into Quebec in June, a 43-per-cent decrease from June 2024, when 286,000 people made the same trip. Americans are also opting to travel to Canada less: 1.4 million U.S. residents entered Canada in June 2025, a 10-per-cent decline from 2024 and the fifth consecutive month that U.S. travel to Canada declined. Airports are also less busy, with 3.4-per-cent fewer Canadians —1.2 million people — returning to the country by plane this June than in June 2024. The drop was driven by a decrease in return trips from the U.S.: 364,000 Canadian residents made that journey, a 22-per-cent decline from June last year. But arrivals from outside the U.S. increased, with 867,000 Canadians returning from countries outside the U.S. this June, 7.3 per cent more than in June 2024.
Vancouver Sun
14 hours ago
- Vancouver Sun
Letters to the Sun: Canada has a chance to lead — but only if we invest in education
Re: We're building a country, but ignoring the institutions that built it Re: Ireland provides a blueprint to boost Canadian productivity Two recent op-eds rightly highlight a growing crisis — though even they may have understated the depth of Canada's missed opportunity in education. As a developed nation, we should enjoy unparalleled advantages in educational infrastructure and training capital. Instead, Canada has underfunded its system. Provinces leaned heavily on international student tuition to fill budget gaps. Now, as that revenue fades, institutions — especially in Ontario — are left scrambling. B.C. fares better, but that's no cause for self-congratulation. One measure of the government's commitment is the percentage of gross domestic product spent on education. Buried in the back of B.C. budget documents: in 2010, B.C. spent 5.6 per cent of GDP on education. By 2019-20, it fell to 4.8 per cent. By 2027-28, it's projected to drop to 4.2 per cent. A daily roundup of Opinion pieces from the Sun and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Informed Opinion will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The consequences are visible: overcrowded classrooms in portables, inadequate support for kids with special needs, and insufficient skills training. Post-secondary institutions are struggling, forced to make cuts. As the U.S. unravels its educational framework, Canada has a chance to lead — but only if we invest in the system that underpins everything from economic prosperity to social equity. Keith Reynolds, North Vancouver Re: We're building a country, but ignoring the institutions that built it As highlighted in the op-ed, universities are slashing their budgets and laying off their faculty at a time when Canada faces a dire need to reinvent its economy, to add value to its natural resources, and to develop new international markets. Stagnant (if not dropping) labour productivity and a declining standard of living has been the reality of the past generation. It's going to get worse. There will be no relief, for years, from trade pressure from Washington, a baseball bat repeatedly swung at Canadian exports to the U.S. Universities, like the K-to-12 system, is an investment in the future, a key enabler to creating a new future for our country, one that does not entail economic decline. How is wealth created nowadays? By innovation. Where does research take place? In universities, largely funded through government programs. Who develops the skilled workforces of the future? Colleges and universities. Our post-secondary institutions need a rethink. Tight links are critical between post-secondaries and industry. What is the sense of our world-class scientists making discoveries in Canada when they create new industries and well-paying jobs in other countries? We must become better at commercializing our own discoveries. As highlighted in another opinion piece — Ireland provides a blueprint to boost Canadian productivity — tight connections between post-secondary programs and industry are critical. Graduates need job-ready skills and opportunities to gain experience before graduation. For employees at all levels, completing a credential, whether a degree or diploma, does not cut it anymore. Ongoing skills upgrading is a must. A night each week in a college class should be the expectation for everyone in the workforce. Just-in-time skills upgrading and short-cycle training should be a core mission of colleges and universities. This requires a change in mindset among post-secondary educators, new institutional capabilities, and new sources of funding. Education is not cheap and placing all the burden on workers is unrealistic. Employers must create their own talent by investing in their own people. Senior managers can set an example by going back to school. John Shepherd, Richmond Re. Kerrisdale highrise exemplifies threat to Vancouver's 'greenest city' boast Great article. In addition to the never-ending voracious concrete and steel consuming our communities: Green cities don't have hundreds, if not thousands, of people needing treatment languishing in deplorable filthy conditions on sidewalks while dealers ply their destructive trade. Green cities don't have security guards on every block and in every store. Vancouverites these days look nervously over their shoulders while waiting for a bus in front of boarded-up Hudson Bay. Very sadly, I say we are most certainly not a green city let alone the 'greenest.' Patti Milsom, Vancouver Letters to the editor should be sent to sunletters@
