On July 7, 2015, PrairieSky Royalty Ltd. (PrairieSky) completed a public offering of 6,336,000 common shares, including 576,000 common shares pursuant to the full exercise of the over-allotment option, at a price of $31.25 per share for gross proceeds of $198 million.
Overseeing legal matters in-house for PrairieSky was Cameron Proctor, Chief Operating Officer. PrairieSky was represented by Burnet, Duckworth & Palmer LLP with a team that included Alyson Goldman, Bronwyn Inkster and Paul Mereau (securities) and Heather DiGregorio (tax). Andrew Foley and Rebecca Vasluianu of Paul, Weiss, Rifkind, Wharton & Garrison LLP provided US securities law advice to PrairieSky on the transaction.
The common shares were offered through a syndicate of underwriters led by CIBC and were represented by Blake, Cassels & Graydon LLP with a team that included Chad Schneider, Olga Kary and Nicole Cargill (Securities). Dan Miller of Dorsey & Whitney LLP provided US securities law advice to the underwriters.