About
Byron Hills Resources Ltd. (“Byron Hills” or the “Company”) was incorporated November
1, 1979 pursuant to the laws of the Province of Alberta.
The Company’s shareholders, who have extensive mining experience, have agreed to
undertake a process to identify a strategic buyer interested in a unique opportunity
to purchase undeveloped assets with significant value potential in Thermal/PCI/Metallurgical
coal, land, timber, petroleum, natural gas, and coal bed methane.
Overview
Byron Hills’ assets are located in the Crowsnest Pass area of southwestern Alberta,
Canada.
The Company’s assets are comprised of:
- 13,000 acres of undeveloped land with freehold rights to coal, oil, natural gas,
and coal bed methane; and
- Surface titles to 1,600 acres of undeveloped land (with timber and freehold rights)
for future development opportunities.
Recent Reports
In late 2011, the Company retained Norwest Corporation to complete an analysis specific
to the coal resource. A NI 43-101 technical report dated March 31, 2012 is available
for review.
The Company has also retained experts to complete an appraisal of the 1,600 acres
of “surface rights” land and a separate appraisal as it relates to the current volumes
of the timber.
Byron Hills’ shareholders believe there is additional incremental value to be considered
for the oil, natural gas and coal bed methane, but no independent third parties
have been retained by the Company to assist in arriving at a quantitative assessment
of this additional value.
Next Steps – Confidential Information / Meetings / Property Tours
For those interested parties wishing to access additional Byron Hills’ information
(including the Recent Reports referred to above), meet with management in-person
or by telephone, and tour Byron Hills’ property, the Company requires the interested
party enter into a confidentiality agreement (“CA”). Upon return of the executed
CA, Byron Hills will provide the interested party and its selected representatives
access to this information. The Company will only enter into the CA directly with
interested parties; no agents please.
Virtual Data Room
The Recent Reports noted above and other relevant corporate information is available
in a virtual data room specifically established to host Byron Hills’ information
for exclusive access to qualified interested parties who have executed the CA. The
data room is accessed by clicking on the “login” icon on the top right hand side
of this web site.
Process Timeline
Upon review of the Byron Hills’ information, parties with a further interest to
consider a transaction are requested to submit a preliminary, non-binding proposal.
All interested parties that have submitted non-binding proposals will be advised
by the Company of its interest in conducting further negotiations. Those parties
with superior proposals will be invited to participate in further due diligence.
This is expected to lead to the selection of one party for final negotiations, documentation
and transaction closing.
Contact
For parties with an interest in Byron Hills, please view our
Contact Page for all contact information.