Advantage Energy Income Fund $100M Financing

On February, 14, 2007 Advantage Energy Income Fund, a conventional oil and gas trust based in Calgary, Alberta closed a bought deal financing of 7.8 million trust units at a price of $12.80 per trust unit for total proceeds of approximately $100 million.

The financing was underwritten by a syndicate of underwriters with RBC Capital Markets as sole bookrunner and BMO Capital Markets as co-lead manager and including CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Capital Corporation, FirstEnergy Capital Corp., Raymond James Ltd., Sprott Securities Inc. and Tristone Capital Inc.
Advantage was represented by Burnet, Duckworth & Palmer LLP with a team that included Jay Reid and Lisa Deegan (securities) and David Ross (tax).

The underwriters were represented by Macleod Dixon LLP with a team that included Kent Kufeldt, Rashi Sengar and Candace Herman (securities) and Darren Hueppelsheuser (tax).


Kent D. Kufeldt Rashi Sengar Darren D. Hueppelsheuser Candace T. Herman Lisa Deegan David W. Ross Jay P. Reid


Burnet, Duckworth & Palmer LLP Norton Rose Fulbright Canada LLP