Shiningbank Energy Acquires Find Energy for $443M

On September 19, 2006 Shiningbank Energy Ltd., a wholly owned subsidiary of Shiningbank Energy Income Fund successfully completed a takeover bid of all the issued and outstanding common shares of Find Energy Ltd. in exchange for trust units of Shiningbank, for an approximate total value of $443 million, including approximately $65 million of assumed net debt. Shiningbank is a natural gas weighted energy trust which on closing had a market capitalization of approximately $1.9 billion.

Shiningbank was represented by Gowling Lafleur Henderson LLP with a team that included Richard Clark, Kurtis Kulman and Evan Low (securities), and Robert McCue and Eugene Friess (tax). Find was represented by Burnet, Duckworth & Palmer LLP with a team that included Allan Twa, Q.C., and Keith Greenfield (securities), and Mike Flatters (tax).


Allan R. Twa Robert D. McCue Kurtis T. Kulman Evan D. Low Keith A. Greenfield Michael J. Flatters Richard W. Clark


Gowling WLG Burnet, Duckworth & Palmer LLP