Search Energy Corp. was successfully reorganized on May 24, 2001 into an income trust structure to become a wholly owned subsidiary of Advantage Energy Income Fund. Advantage Energy Income Fund has entered into a management and advisory services agreement with Advantage Investment Management Ltd., a company whose directors and officers represent some of Canada’s most experienced income trust managers. The transaction was worth close to $180 million.
Search Energy Corp. was represented by Burnet, Duckworth & Palmer LLP in Calgary with a team that included Allan Twa, Q.C., John Brussa, Jay P. Reid, Cal Johnson, D.J. McDonald, Q.C. and James Bell. Gowlings also provided advice to Search Energy Corp. with advice provided by Brian Mainwaring and Deborah Neale. Advantage Investment Management Ltd. was represented by Macleod Dixon LLP with advice provided by Jack MacGillivray.