Alberta Oilsands has proposed taking over the debt-riddled Marquee by way of plan of arrangement. Under the Toronto Stock Exchange Venture rules Alberta Oilsands does not require a shareholder approval because it is assuming control. However, Marquee shareholders must vote two-thirds in favour for the plan to proceed.
The Alberta court decision changed the rules for Alberta Oilsands shareholders and gave them the right to decide whether to proceed.
Marquee
