23 05 2016

Petrowest Corporation $11.5 Million Common Shares Offering

Cassels Brock represented the underwriters on the deal


Petrowest Corporation completed a bought-deal prospectus offering, including the exercise in full of the underwriters' overallotment option. A total of 32,857,225 class A common shares have been issued for aggregate gross proceeds of approximately $11,500,000. The syndicate of underwriters was co-led by Beacon Securities Limited and Dundee Securities Ltd. and included Haywood Securities Inc., PI Financial Corp., Canaccord Genuity Corp., Mackie Research Capital Corporation and Cormark Securities Inc. Petrowest Corporation provides construction services in Western Canada. The Company, led by Richard Quigley, Lloyd A. Wiggins, Roy Larson, Bernie Reed and Brian Coffey, is based in Calgary. Cassels Brock represented the underwriters with a team comprised of Cameron Mingay (Picture), Jay King and Jamie Litchen (Securities), Josh Calderon (Financial Services) and James Morand (Tax). Involved fees earner: Cameron Mingay - Cassels Brock & Blackwell LLP; Jay King - Cassels Brock & Blackwell LLP; Jamie Litchen - Cassels Brock & Blackwell LLP; Josh Calderon - Cassels Brock & Blackwell LLP; James Morand - Cassels Brock & Blackwell LLP;

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