On October 4, 2005, Avenir Diversified Income Trust (the Trust) completed its public offering by way of short form prospectus of 11,857,750 trust units at $12.65 per unit (plus an underwriter's option to acquire an additional 3,652,550 trust units) for total gross proceeds of approximately $196 million. A portion of the proceeds of the offering ($125 million) were used to complete the acquisition of all the privately held joint venture that is the sole shareholder of the manager of the EnerVest Diversified Income Trust, EnerVest Diversified Management Inc. The Trust is a diversified royalty and business trust based in Calgary, Alberta.
The offering was completed by GMP Securities Ltd. and Raymond James Ltd. as co-lead underwriters for a syndicate of underwriters that included Blackmont Capital Inc., Canaccord Capital Corp. and Acumen Finance Partners Ltd.
In the offering, the Trust was represented by Burnet, Duckworth & Palmer LLP (BD&P) with a team that included Jeff Lawson, Tom Mix, Spencer Coupland and Grant MacKenzie (securities) and Mike Flatters (tax). The underwriters were represented by McCarthy Tétrault LLP with a team that included John Osler, Sony
Gill and Andrea Hatzinikolas (securities) and Ian Bock and TJ Kang (tax).
In the acquisition, the Trust was represented by BD&P with a team that included Jeff Lawson, David Maxwell and Nicole Cramer (commercial) and Gina Ross (employment). The EnerVest joint venture was represented by in-house counsel Ward Mallabone, and by Heenan Blaikie LLP with a team that included Lloyd Symons and Mark Jadd (tax) and Brenda Rawcliffe (commercial).
The offering was completed by GMP Securities Ltd. and Raymond James Ltd. as co-lead underwriters for a syndicate of underwriters that included Blackmont Capital Inc., Canaccord Capital Corp. and Acumen Finance Partners Ltd.
In the offering, the Trust was represented by Burnet, Duckworth & Palmer LLP (BD&P) with a team that included Jeff Lawson, Tom Mix, Spencer Coupland and Grant MacKenzie (securities) and Mike Flatters (tax). The underwriters were represented by McCarthy Tétrault LLP with a team that included John Osler, Sony
Gill and Andrea Hatzinikolas (securities) and Ian Bock and TJ Kang (tax).
In the acquisition, the Trust was represented by BD&P with a team that included Jeff Lawson, David Maxwell and Nicole Cramer (commercial) and Gina Ross (employment). The EnerVest joint venture was represented by in-house counsel Ward Mallabone, and by Heenan Blaikie LLP with a team that included Lloyd Symons and Mark Jadd (tax) and Brenda Rawcliffe (commercial).
