On February 12, 2004, Mississauga, Ontario-based Stuart Energy Systems Corp. completed a public offering of 7 million common shares at $3 per share for aggregate gross proceeds of $21 million. On March 9, the underwriters exercised their over allotment option to purchase an additional one million common shares for gross proceeds of $3 million, bringing total gross proceeds of the offering to $24 million. National Bank Financial was lead manager, and CIBC World Markets Inc. and RBC Dominion Securities Inc. were co-managers.
Stuart Energy was represented in-house by Randy MacEwen, vice-president, corporate development; and by Torys LLP, with a team that included Phil Brown and Justin Young (corporate), Robin Coster (intellectual property) and Tim Rorabeck (tax) in Toronto and Chris Bordoni and Dan Miller in New York. The underwriters were represented by Osler, Hoskin & Harcourt LLP, with a team that included Mark DesLauriers, Lori Andrea Stein and Peter Simeon (corporate), John Davidson (intellectual property) and Julie Colden (tax).
Stuart Energy was represented in-house by Randy MacEwen, vice-president, corporate development; and by Torys LLP, with a team that included Phil Brown and Justin Young (corporate), Robin Coster (intellectual property) and Tim Rorabeck (tax) in Toronto and Chris Bordoni and Dan Miller in New York. The underwriters were represented by Osler, Hoskin & Harcourt LLP, with a team that included Mark DesLauriers, Lori Andrea Stein and Peter Simeon (corporate), John Davidson (intellectual property) and Julie Colden (tax).
