Fording Canadian Coal Completes Offering

On April 16, 2004, Fording Canadian Coal Trust completed a bought deal offering of 2 million units at $52.50 per unit for gross proceeds of $105 million. The offering was underwritten by a syndicate of underwriters led by RBC Dominion Securities Inc. and which included CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., TD Securities Inc. and Salman Partners Inc.

The Trust was represented by in-house counsel Jim Jones; by Osler, Hoskin & Harcourt, with a team led by Frank Turner and Andrée Blais, and included Martin Mix and Eleanor Farrell (corporate), Jack Silverson, Don Watkins, Q.C., and Nancy Diep (tax), together with Dominique Têtu, Samuel Cohen and Jacques Beaumier (translation) in Montreal; and by Steven Sutherland and James Carey of Sidley Austin Brown & Wood, who acted as US counsel.

The underwriters were represented by Fraser Milner Casgrain, with a team that included Michael Melanson, Bill Gilliland and Lisa Nesbitt (corporate) and Brian Carr (tax).


Nancy Diep Martin Mix Michael N. Melanson Samuel Cohen Brian R. Carr Dominique Têtu Jacques Beaumier Jack A. Silverson Andrée M. Blais Steven Sutherland William G. Gilliland Francis J. (Frank) Turner