Thank you, Mr. Angus.
As you know, all investments, no matter their value, are subject to review under the Investment Canada Act. Paper Excellence's acquisition of Resolute was subject to the national security review provisions under the Investment Canada Act, and Canada's lead security agencies were consulted on the transaction.
Recognizing the need to ensure this investment continues to be in Canada's best interests, as part of the review process the investor had provided meaningful commitments to Canada, which include ensuring strong levels of investment, facilities in Quebec, maintaining existing patents, maintaining Canadian participation on Resolute's board and senior management team, and adhering to Canadian employment and environmental laws.