The Co-Management Agreement has been amended to reflect an updated public offering process and to introduce a new direct purchase option available only to corporations wholly owned by Metis settlements.
A Metis Settlements Benefits Proposal (Benefits Proposal) is a document identifying the benefits a Bidder is willing to provide to the Metis Settlements General Council and the Affected Settlement Council in relation to the negotiated commitments identified in the General Terms and Conditions. The General Terms and Conditions are included as an addendum to the Public Offering Notice.
The Benefits Proposal forms an essential component of a complete bid. The Affected Settlement Council receives all eligible proposals at the same time, and evaluates these proposals to select the successful bidder. Information on completing a Benefits Proposal and the document template are available from the Metis Settlement General Council. Please refer to their website at www.msgc.ca > Departments > Land & Resources > Co-Management Agreement or contact the Oil & Gas Coordinator at 780-822-4096 or via e-mail to email@example.com.
Bidders for rights on Metis Settlements will be required to upload a Benefits Proposal when completing a bid submission through the Electronic Transfer System (ETS). A bid that does not include a Benefits Proposal will not be accepted by the ETS system.
The direct purchase option is limited to corporations wholly owned by the settlement where the mineral rights are being requested. It is not available to other Metis owned corporations, or to any other corporations with a partial Metis interest. The direct purchase pricing is the same as published on Alberta Energy’s website.
The Co-Management Agreement includes provisions to verify corporations are wholly owned by Metis settlements. As well, where bids for rights on Metis settlements are submitted through a party acting solely as an agent, Alberta Energy will now require the agent to disclose the identity of its client to Alberta Energy for confirmation as an eligible bidder/purchaser. Otherwise, Alberta Energy will not accept the bid.
Companies may choose to submit bids through a land agent to maintain their confidentiality. When a bidder acts solely as an agent and acquires rights for a third party, the third party will be considered the eligible bidder. The eligible bidder is required to sign the development agreement with the Metis settlement for rights where they are the successful bidder. However, Alberta Energy will continue to accept the Land Agent as the designated representative or Address for Service for the mineral agreement.
Under the 1990 Co-Management Agreement the direct purchase of mineral rights on Metis settlement lands was not permitted. This remains in effect in the updated Agreement, except for wholly owned Metis corporations. Other lessees wishing to acquire complementary rights, single substance or portions on Metis settlements will be required to request these rights through public offering.