North West Upgrading's Private Placement to North American and European Investors

On July 12, 2006, North West Upgrading Inc. completed a $175 million private placement of units at a price of $4 per unit to investors in North America and Europe. Each unit consisted of a common share and one-half of one common share purchase warrant.
Bennett Jones LLP represented North West Upgrading Inc. with a team that included Darrell Peterson, Greg Johnson and Jane Brindle.
Agents for the offering, Tristone Capital Inc., RBC Capital Markets and Peters & Co. Limited., were represented by Grant Zawalsky and Jeremy Matthies (securities) and Michael Flatters (tax) of Burnet, Duckworth & Palmer LLP and US counsel Kimberley Anderson at Dorsey & Whitney LLP.