Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 30, 2015 2:21 AM ET

Diversified Financial Services

Company Overview of Investissement Quebec Inc.

Company Overview

Investissement Quebec Inc. provides financial solutions for businesses in Quebec. It offers loans, loan guarantees, and equity investments to support businesses at various stages of their development; provides assistance for various companies to operating their subsidiaries; and administers tax measures and prospects foreign investment. It offers development capital and equity capital solutions, including customized financing for large-scale projects in the areas of consolidations, expansions, mergers, or acquisitions; support for investment projects that include providing financing for capital projects, and ESSOR programs for the cash flow to carry out investment projects; financing of refu...

600, de La Gauchetière

bureau 1500

Montréal, QC H3B 4L8

Canada

Founded in 1971

Phone:

418-643-5172

Fax:

418-528-2063

Key Executives for Investissement Quebec Inc.

Chief Executive Officer, President and Director
Compensation as of Fiscal Year 2015.

Investissement Quebec Inc. Key Developments

Investissement Québec, Ressources Québec, Pétrolia Inc. and Etablissements Maurel & Prom S.A. Announce $100 Million Anticosti Joint Venture

Corridor Resources Inc. announced that it has signed a letter of intent with the Government of Québec, through its affiliates Investissement Québec and Ressources Québec, Pétrolia Inc. and Etablissements Maurel & Prom S.A. to create a joint venture that will appraise and potentially develop hydrocarbon resources on Anticosti Island, Québec. The commercial terms of the joint venture require Corridor and Pétrolia to transfer to a newly formed Québec limited partnership their respective Anticosti exploration licenses containing 891,906 acres and 639,037 acres, respectively, in exchange for Partnership interests of 29.30% and 20.70%. Concurrently, RQ and M&P will commit to spend $100 million collectively through the two phase program in exchange for a 50% interest in the Partnership; with RQ committing $56.67 million to receive a 28.33% interest and M&P committing $43.33 million to receive a 21.67% interest. Additionally, Corridor will transfer a 6.67% interest in the Partnership to RQ in exchange for a cash payment of $13.33 million; and a 0.97% interest in the Partnership to Pétrolia in exchange for a cash payment of $1.93 million. M&P will have the right to exit from the Partnership after a minimum of $35 million has been expended by the Partnership in conducting a minimum of 15 stratigraphic wells and the drilling and fracture stimulation of one well. The exercise of M&P of this exit right would be based solely on a reasonable analysis and interpretation of the technical data and results of the Phase 1 program accomplished at that time. In such event, M&P would relinquish its entire interest in the Partnership for no consideration. If this were to occur, in completing Phase 1, RQ would fund up to $13.26 million of the remaining Phase 1 commitment and would then own 50% of the Partnership. Corridor and Pétrolia would each become obligated to pay up to $3.37 million and each would then own 25% of the Partnership.

Similar Private Companies By Industry

Company Name Region
Caisse Desjardins de l'Est du Plateau Americas
Securcor, Inc. Americas
Lance Shilliday Financial Services Ltd. Americas
Daimler Canada Finance Inc. Americas
Caisse Desjardins de Pont-Rouge--Saint-Basile Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 7, 2015
Groupe Conseil OSI Inc.
Merger/Acquisition
November 13, 2014
Vision Globale A.R. LTÉE
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Investissement Quebec Inc., please visit www.investquebec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.