Petrofund Energy Trust Completes Financing

On December 9, 2003, Petrofund Energy Trust completed a bought deal financing, resulting in the issuance of 6.6 million trust units for aggregate gross proceeds of $106 million. The underwriting syndicate was co-led by CIBC World Markets Inc. and National Bank Financial, and included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corp., FirstEnergy Capital Corp. and First Associates Investments Inc.

The trust was represented by Goodman and Carr LLP, with a team that included Jenny Chu Steinberg, Linda Misetich and Ivan Grbesic (securities) and Bernard Morris and Peter Jovicic (tax). The underwriters were represented by Burnet, Duckworth & Palmer LLP’s Keith Greenfield and Stephen Hayden (securities) and John Brussa and Mike Flatters (tax).