By: Nigel Bankes
PDF Version: Alberta Court follows Third Eye Capital v Dianor in a Royalty Characterization Case
Case Commented On: Manitok Energy Inc (Re), 2018 ABQB 488 (CanLII)
In a welcome development Justice Karen Horner has followed the Ontario Court of Appeal’s recent decision in Third Eye Capital Corporation v Resources Dianor Inc., 2018 ONCA 253 (CanLII) (the subject of a post here) and concluded that the royalty agreements at issue in this case were intended to create an interest in land and did in law create such an interest notwithstanding that the royalty was described as in interest in oil volumes once produced rather than as in interest in the minerals themselves.