I would say since it is not an issue of National Security or not in the best interests of Canadians the requirements are met to support someone purchasing this mine.
http://fullcomment.nationalpost.com/2013/10/01/john-ivison-foreign-investment-in-the-oil-sands-have-dropped-off-a-cliff-since-nexen-takeover/Or
http://www.policyschool.ucalgary.ca/?q=content/chinas-state-owned-enterprises-and-canadas-fdi-policyThe problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.
In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.
Limiting foreign ownership of the market is a policy but this probally would not be significant enough to raise any flags
The above only applies on sales over 330 million that trigger an investigation for Foreign SOE and 1 billion for private markets and a lot of small scale oil deals go through just fine without issue.
At least in my opinion this sale is far into the legal clear.
This mine is only a measly 2 million XD
2,000,000.00
Also consistent with the above, the Government intends to liberalize the review threshold under the Investment Canada Act to $1 billion in enterprise value over four years only for private sector investors. The review threshold for foreign SOEs will remain at $330 million in asset value. This will mean that the Government will retain its current authorities to assess the net benefit of foreign SOE transactions in the future.
http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/lk81147.html
