Shiningbank Energy Acquires Find Energy for $443M

On September 19, 2006 Shiningbank Energy Ltd., a wholly owned subsidiary of Shiningbank Energy Income Fund successfully completed a takeover bid of all the issued and outstanding common shares of Find Energy Ltd. in exchange for trust units of Shiningbank, for an approximate total value of $443 million, including approximately $65 million of assumed net debt. Shiningbank is a natural gas weighted energy trust which on closing had a market capitalization of approximately $1.9 billion.

Shiningbank was represented by Gowling Lafleur Henderson LLP with a team that included Richard Clark, Kurtis Kulman and Evan Low (securities), and Robert McCue and Eugene Friess (tax). Find was represented by Burnet, Duckworth & Palmer LLP with a team that included Allan Twa, Q.C., and Keith Greenfield (securities), and Mike Flatters (tax).