Peyto Exploration & Development Completes Equity Offering

Peyto Exploration & Development Corp. completed a $115 million offering. The offering consisted of 4,628,750 common shares on a bought deal basis, which included 603,750 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters, at a price of $24.85 per common share.

The syndicate of underwriters was led by BMO Capital Markets and included CIBC, FirstEnergy Capital Corp., TD Securities Inc., RBC Capital Markets, Peters & Co. Limited, Stifel Nicolaus Canada Inc., Haywood Securities Inc. and Scotia Capital Inc.

Peyto Exploration & Development Corp. was represented by Burnet, Duckworth & Palmer LLP, with a team including Stephen Chetner, Alyson Goldman and Jessica Brown (securities) and David Ross (tax).

The syndicate of underwriters was represented by Norton Rose Canada LLP, with a team including Mark Eade, Peter Allegretto and Natasha Dhillon-Penner (securities) and Dion Legge (tax).

Lawyer(s)

Mark G. Eade Dion J. Legge Stephen J. Chetner Jessica Brown Alyson F. Goldman David W. Ross Peter J. Allegretto

Firm(s)

Burnet, Duckworth & Palmer LLP Norton Rose Fulbright Canada LLP