Use this template to prepare a Directors' Circular for the Province of Alberta, Canada, to be distributed to the shareholders of a private company setting out terms of an offer made by a third party to purchase all of the corporation's common shares, and recommending that the shareholders accept the offer. Information contained in the Circular includes:

• reasons of the Board for recommending acceptance of the offer;
  
• details of a pre-acquisition agreement between the companies, including an agreement by the purchaser to pay option holders the difference between the purchase price and the exercise price of their options;
  
• principal security holders;
  
• details of the offering company, including directors and shareholders;
  
• material contracts between principals of the corporation and the purchaser;
  
• trading of securities;
  
• material changes;
  
• statutory rights of security holders.

This is a Canadian legal document in MS Word format.