Bank of Nova Scotia Finances Advantage Oil & Gas

On June 23, 2006, The Bank of Nova Scotia completed a $600 million financing of Advantage Oil & Gas Ltd., where they acted as the lead arranger, administrative agent and book runner in a syndicate of lenders. National Bank of Canada and Bank of Montreal were co-syndication agents and Royal Bank of Canada was documentation agent. The syndicate consisted of The Bank of Nova Scotia, National Bank of Canada, Bank of Montreal, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Union Bank of California, Canada Branch, Société Générale (Canada Branch), Alberta Treasury Branches and enabled Advantage to acquire the assets of Ketch Resources Trust.
Gowling Lafleur Henderson LLP acted for The Bank of Nova Scotia with a team led by Tom Cumming and including Nick Salaysay, Katherine O'Connor and Aimee Halfyard. Advantage Oil & Gas Ltd. was represented by Cal Johnson and Nancy Smith of Burnet, Duckworth & Palmer LLP.