Peyto Exploration & Development Corp. Completes Financing

On April 16, 2015 Peyto Exploration & Development Corp. (Peyto) completed a bought deal offering of 5,037,000 common shares, including 657,000 common shares issued pursuant to the exercise in full of the over-allotment grated to the underwriters, at a price of $34.25 per common share for total gross proceeds of approximately $172.5 million.

Peyto is an explorer and producer of unconventional natural gas, operating in Alberta’s Deep Basin.

Peyto was represented by Burnet, Duckworth & Palmer LLP with a team that included Steve Chetner, Alyson Goldman, Jessica Brown and Shanlee von Vegesack (securities) and Kirk Lamb (tax).

The syndicate of underwriters led by BMO Capital Markets and including FirstEnergy Capital Corp., RBC Dominion Securities Inc., CIBC World Markets Inc., Peters & Co. Limited, Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp. and Dundee Securities Ltd. was represented by Norton Rose Fulbright Canada LLP with a team that included Mark Eade, Peter Allegretto and Felix Hapsel (securities) and Dion Legge (tax).


Mark G. Eade