IntroductionUnanimous Shareholders Agreement • December 14th, 1998
Contract Type FiledDecember 14th, 1998In April 1996, the Ministers of Industry, Trade and Technology, and Finance entered into a Unanimous Shareholders Agreement (the Agreement) with seven banks, and the three other Atlantic provinces. The Agreement provided for the establishment of ACF Equity Atlantic Inc. (ACF). The primary mandate of ACF is to make direct equity or quasi- equity investments in small- and medium-sized companies in Atlantic Canada that appear to have moderate or significant growth potential. The life of ACF will be limited to ten years with provision for three one-year extensions subject to approval by a majority of the shareholders.