RE:Sounds like JV partner will take equity of 10-15%10-15% is the maximum foreign ownership allowed in "constrained share" companies - companies that the Federal Government considers critical to the national interest.
A foreign entity could theoretically invest 50% of the capital in Air Canada or West Jet, but their voting control would be capped at 15% of the voting shares.
I'm wondering, since we lost Inco and Falconbridge to foreign ownership, and the coming demand for EV resources, Is the Federal Government trying to encourage and rebuild a Canadian world class player?