Parkland Fuel Closes Equity Financing

On June 2, 2011, Parkland Fuel Corporation completed an offering, on a bought deal basis, of 7,130,000 common shares in the capital of Parkland, which included the 930,000 common shares subject to an over-allotment option that was exer-cised in full by the underwriters, for aggregate gross proceeds of $86,273,000.

The offering was made in Canada pursuant to a short form prospectus which was dated May 26, 2011.
Parkland was represented by the Calgary office of Bennett Jones LLP with a team that included David Spencer, John Piasta, Karen Keck and Amanda Coen (securities).

RBC Capital Markets and Scotia Capital Inc. co-led a syndicate of underwriters which also included CIBC World Markets Inc., TD Securities Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., Canaccord Genuity Corp. and PI Financial Corp.

The underwriters were represented by the Calgary office of Fraser Milner Casgrain LLP with a team that included Bill Jenkins, Tim Haney, Keith Inman and Courtney Burton (securities) and Derek Kurrant (tax).