Agrium Completes Bought Deal

Agrium Inc. completed a public offering of 11.2 million common shares for aggregate proceeds of approximately US$110 million on March 20, 2002. The net proceeds are being used to repay existing bank indebtedness.

Agrium was represented by Pat Finnerty, Scott Cochlan and Kristie Smith of Blake, Cassels & Graydon LLP, and in-house by Leslie O’Donoghue, vice-president and general counsel, and Gary Daniel. Renée Ratke and Jon Truswell of Bennett Jones LLP acted for the underwriting syndicate, led by Scotia Capital Inc. and RBC Capital Markets Inc., and including BMO Nesbitt Burns Inc., Banc of America Securities Canada Co. and TD Securities Inc.