Intrawest Completes Equity Offering

On June 4, 2002, Vancouver-based Intrawest Corporation, a leading developer and operator of village-centred resorts across North America, completed a cross-border bought deal offering of 3.25 million common shares, for total proceeds of $89.375 million. The offering was qualified in Canada under short-form prospectus and registered in the U.S. on Form F-10 with the U.S. Securities and Exchange Commission under the Multijurisdictional Disclosure System. The offering was underwritten by a syndicate led by Scotia Capital Inc. and RBC Dominion Securities Inc., that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and Canaccord Capital.

Richard Balfour, Michael Urbani and Darren Watt of McCarthy Tetrault LLP represented Intrawest; and Gary Kocher and Vincent Ricci of Preston Gates and Ellis LLP in Seattle represented Intrawest in the U.S. The underwriters were represented by Douglas Marshall and Mary Abbott of Osler, Hoskin & Harcourt LLP; and by Brice Voran, Christopher Cummings, Nancy Hoi Bertrand and Julian Fletcher of Shearman & Sterling in Toronto.