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REAL ESTATE "If a company's fortunate enough to find an economic deposit to develop, they need to achieve other rights through licensing and permits." — DANNY ANDERSON, MACPHERSON LESLIE & TYERMAN LLP that we would discover as a result of doing due diligence," he says. "When you bring those to their attention, they may think that we're being too conservative or almost alarmist. So you sometimes have to educate foreign buyers on the way things work here so they realize the issues are serious enough to consider in the transaction." Similar to Alberta, Saskatchewan is cresting a wave of exploration and development that has piqued the inter- est of foreign investors. "We have a lot of examples of foreign-owned compa- nies involved in exploration work," says Danny Anderson, a partner at MacPher- son Leslie & Tyerman LLP's Saskatoon office. Besides oilsands development, the province is a bountiful resource of uranium, potash, coal, gold, and dia- monds, and each resource has its own set of regulations. But obtaining a green light to extract those valuables from the Saskatchewan ground is also becoming more onerous. "The real estate aspect involves deal- ing with rights that can be obtained from the Crown to do the exploration work," says Anderson. "If a company's fortunate enough to find an economic deposit to develop, they need to achieve other rights through licensing and per- mits." That would involve all the legal documentation to get the site ramped up for operations, from building roads to diverting waterways, he explains. There are also restrictions on foreign ownership of Saskatchewan's farmlands that could complicate a prospective investor's interest in mining potash, he says. Rangi Jeerakathil, another partner at MLT, points out the province is in the process of rewriting its environmental management and protection legisla- tion. "That will clearly impact these types of developments especially from a real estate perspective," says Jeerakathil. Companies that enter into agreements with the Crown to develop mining and oil sites must post a financial assurance HRPA ONE-DAY CONFERENCES HRPA's Annual HR Law Conference is the employment law conference of the year. Some of Canada's most respected employment lawyers provide valuable commentary and advice on Canada's evolving legal and economic climate. 2009 HR Law Conference I'll be a little late for dinner, dear. Value your time? Then you'll value our technology! Industry leader in legal software for real estate, corporate and estates for over a decade The choice of 2500 law firms, The Conveyancer generates required documents (including lender forms), tracks undertakings, exchanges data with Teraview® (ON) and SPIN (AB) and integrates with four title insurers. Comprehensive corporate records software tracks changes and generates prescribed forms, registers, ledgers, share certificates, resolutions, minutes, correspondence, etc. Integrated e-filing and extracts. The Estate Administration module automates Rule 74/75 forms plus scores of letters and documents. The Estate Accounting module simplifies recording of financial transactions, and generates reports in "passing of accounts" format. Wednesday, October 28, 2009 Location: Metro Toronto Convention Centre, North Building, Constitution Hall Time: 8:00 am – 4:30 pm For more information on our conferences, visit www.hrpa.ca/ODC Tel: 416.322.6111 Toll-free: 1.866.367.7648 www.doprocess.com 22 SEPTEMBER 2009 www. C ANADIAN Law ye rmag.com ntitled-4 1 8/10/09 10:01:16 AM