NAL Oil & Gas Trust Closes $115M Convertible Debenture Offering

NAL Oil & Gas Trust completed a bought deal offering on December 3, 2009, of $115-million aggregate principal amount of 6.25 per cent convertible unsecured subordinated debentures. The offering included the exercise, in full, of the over-allotment option granted to the underwriters under the offering. RBC Capital Markets and BMO Capital Markets co-led the syndicate of underwriters, which included CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, Raymond James Ltd. and Peters & Co. Limited.

NAL was represented by Bennett Jones LLP with a team that included John Kousinioris, Jon Truswell, Timothy Robson and Matthew Olson.

The underwriters were represented by Fraser Milner Casgrain LLP with a team that included Toby Allan and Keith Inman (securities) and Derek Kurrant (tax).


Timothy J. Robson John H. Kousinioris Jon C. Truswell Keith Inman Thoburn (Toby) B. Allan Matthew R. Olson Derek A. Kurrant