Gaz Métropolitain Completes New Issue of Units

On September 30, 2003, Gaz Métropolitain and Company, Limited Partnership completed a new issue of units for gross proceeds of $70.035 million, without considering the over-allotment option. BMO Nesbitt Burns Inc. led the underwriting syndicate, which also included National Bank Financial Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc. and Desjardins Securities Inc.

Gaz Métropolitain was represented in-house by Pierre Despars, vice- president, finance and corporate; René Bédard, vice-president, legal, and corporate secretary; Hélène St-Pierre, treasurer; and Steve Pilon, investor relations co-ordinator; and by Osler, Hoskin & Harcourt LLP with a team that included Christiane Jodoin, Warren Katz, Emmanuelle Lamarre-Cliche, François Leblanc and Elaine Marchand (tax).

The underwriting syndicate was represented by Desjardins Ducharme Stein Monast, with a team that included Marc Rochefort, Benoit Vincent Morel, Serge Gloutnay (tax), Valérie Douville and Mélanie Beaudoin.