Dissenting shareholders takeover bid under the Canada Business Corporations Act.

Counsel for the dissenting shareholders in a takeover bid under the Canada Business Corporations Act. The company held as its sole asset a mineral deposit in the vicinity of the Faro Mine in the Yukon. The majority shareholders, Kerr Addison Ltd., Phelps Dodge Ltd., and Noranda Inc. had accepted $1.50 per share. At trial the shares were assessed at $21.50. On appeal the assessment was reduced to $8.00 per share.