Niko Resources Completes $126.5M Public Offering

On August 16, 2006 Niko Resources Ltd., an oil and gas corporation engaged in the exploration for, and development and production of, natural gas and oil principally in India, Bangladesh, Canada and Thailand, completed a $126.5 million public offering of its common shares. The offering was underwritten by a syndicate of underwriters led by Canaccord Capital Corporation and included FirstEnergy Capital Corp., Orion Securities Inc., Sprott Securities Inc., Wellington West Capital Markets Inc. and Maison Placements Canada Inc.

Niko was represented in Canada by Gowling Lafleur Henderson LLP with a team that included John Iredale, Kurtis Kulman, Jason McCormick and Erin Lee (corporate) and Vince Imerti (tax); in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team that included Andrew Folely and Kathleen McCabe; and in the UK by CMS Cameron McKenna LLP with a team that included Peter Smith.

The underwriters were represented in Canada and the UK by McCarthy Tétrault LLP with a team that included Mark Eade, David Phillips, Andrea Hatzinikolas and Paul Airley (corporate), Robert Nearing (tax); and in the US by Carter Ledyard & Milburn LLP with a team that included John Whelan and Guy Lander.