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M&A / Property

Grosvenor CPC I enters LOI for business combination

By The Northwire Desk — AI Analysis Feb 13, 2026 · 04:05 GRVA · 0.025 Grosvenor CPC I Inc
GRVA · Price

Executive Summary

  • Grosvenor CPC I Inc., 9409‑5999 Quebec Inc. and Gestion Faraday Energie Inc. have signed a non‑binding Letter of Intent to complete a business combination that will result in a reserve takeover of Grosvenor.
  • The transaction is intended to qualify as an arm’s‑length qualifying transaction under TSX‑V Policy 2.4.
  • Trading of Grosvenor’s shares has been halted pending review by the TSX‑V; a detailed news release with full terms and proposed financing will follow.

Key Details

  • Letter of Intent Date: February 12, 2026 (non‑binding).
  • Parties Involved:
  • Grosvenor CPC I Inc. – a capital pool company listed on the TSX‑V with no commercial operations or assets other than cash.
  • 9409‑5999 Quebec Inc. – owner‑operator of the 1.5 MW Chute‑Blanche hydroelectric generating station in Sainte‑Jeanne‑d’Arc, Québec.
  • Gestion Faraday Energie Inc. – owns Hydro‑Abitibi Inc. and Énergie renouvelable Abitibi Inc., operating two hydro plants (≈1,850 kWh combined) on the La Sarre River.
  • Transaction Structure: Intended business combination or similarly structured transaction that will constitute a reserve takeover of Grosvenor CPC I Inc.
  • Regulatory Status: Trading of Grosvenor’s securities has been halted and will remain so until TSX‑V receipt and review of the LOI documentation.
  • Future Disclosure: A comprehensive news release will be issued by all parties detailing the transaction terms, post‑closing information about Grosvenor, and the proposed financing arrangement.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →