NAL Oil & Gas Trust Closes $100M Offering of Trust Units

On April 14, 2010, NAL Oil & Gas Trust completed an offering of Trust Units at a price of $13.25 per trust unit for aggregate gross proceeds of $100,037,500.

RBC Dominion Securities Inc. and BMO Capital Markets co-led a syndicate of underwriters that also included CIBC World Markets Inc., Scotia Capital Inc., Canaccord Financial Ltd., National Bank Financial Inc., TD Securities Inc., Peters & Co. Limited, GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Macquarie Capital Markets Canada Ltd.

NAL was represented by Bennett Jones LLP with a team including John Kousinioris, Timothy Robson and Matthew Olson (securities).

The underwriters were represented by Fraser Milner Casgrain LLP with a team including Dale Skinner, Toby Allan and Keith Inman (securities).

Lawyer(s)

Matthew R. Olson Timothy J. Robson John H. Kousinioris Keith Inman Dale E. Skinner Thoburn (Toby) B. Allan