Canadian Royalties Completes a $137.5 Million Convertible Debenture Offering

On March 18, 2008, Canadian Royalties Inc. completed a short form prospectus offering of $137.5 million aggregate principal amount of convertible senior unsecured debentures due March 31, 2015, including the exercise of the over-allotment option of $12,500,000 aggregate principal amount of debentures granted to the syndicate of underwriters led by BMO Nesbitt Burns Inc. and including Raymond James Ltd and Desjardins Securities Inc.

Canadian Royalties Inc. was represented by in-house counsel Luciana Zannella who was assisted by Lavery, de Billy, L.L.P., with a team composed of David Pineault, Sébastien Vézina, Josianne Beaudry, Benoit Mallette (securities) and Michèle Gamache (translation); and in the United States by Dorsey & Whitney LLP with a team composed of Jodie Kaufman, Gil Cornblum and Christopher Doerksen. The underwriters were represented by Fasken Martineau DuMoulin LLP, with a team composed of Gregory Ho Yuen, Paula Amy Hewitt and Brandon Tigchelaar (securities and global mining).

McCarthy Tétrault LLP represented Caisse de dépôt et placement du Québec and assisted in-house counsel, Guy Lebeuf, with a team that included Patrick Boucher, Clemens Mayr and Catherine Décary (business law).


Gregory Ho Yuen Norman S. Gould Michèle Gamache Catherine Décary Paula A. Hewitt Brandon D. Tigchelaar Sébastien Vézina Patrick Boucher Josianne Beaudry Guy Lebeuf Benoit Mallette Clemens Mayr