On November 2, 2005, True Energy Inc., an Alberta-based oil and gas corporation focused on exploration, development and production activities in Western Canada, completed a plan of arrangement under the Business Corporations Act (Alberta) with TKE Energy Trust, among others, with a combined enterprise value of approximately $800 million, resulting in the creation of True Energy Trust and a new junior-exploration company, Vero Energy Inc.
True Energy was represented by Burnet, Duckworth & Palmer LLP with a team that included Steve Cohen, Mike Sandrelli, Spencer Coupland and Teji Sandhar (corporate and securities), Gina Ross (employment), John Cuthbertson, Alan Pettie and Jason Bilinsky (oil and gas), Trish Fehr, Kathy Pybus and David Grout (banking), Alicia Quesnel and Jody Wivcharuk (Competition Act) and Jeff Fortin (tax).
TKE Energy Trust was represented by Gowling Lafleur Henderson LLP with a team that included Brian Mainwaring, Jason McCormick and Bennett Wong (trust and securities), Ken Warren (employment), Robert McCue (oil and gas, tax), Edie Gillespie (oil and gas, Competition Act) and Alan Rautenberg (tax).
As part of the conversion, True Energy Trust arranged a $125 million credit facility with the National Bank of Canada (agent and lender) and the Canadian Bank of Commerce (lender). The lenders were represented by Macleod Dixon LLP with a team that included Wayne Fedun and Gary Rose.
True Energy was represented by Burnet, Duckworth & Palmer LLP with a team that included Steve Cohen, Mike Sandrelli, Spencer Coupland and Teji Sandhar (corporate and securities), Gina Ross (employment), John Cuthbertson, Alan Pettie and Jason Bilinsky (oil and gas), Trish Fehr, Kathy Pybus and David Grout (banking), Alicia Quesnel and Jody Wivcharuk (Competition Act) and Jeff Fortin (tax).
TKE Energy Trust was represented by Gowling Lafleur Henderson LLP with a team that included Brian Mainwaring, Jason McCormick and Bennett Wong (trust and securities), Ken Warren (employment), Robert McCue (oil and gas, tax), Edie Gillespie (oil and gas, Competition Act) and Alan Rautenberg (tax).
As part of the conversion, True Energy Trust arranged a $125 million credit facility with the National Bank of Canada (agent and lender) and the Canadian Bank of Commerce (lender). The lenders were represented by Macleod Dixon LLP with a team that included Wayne Fedun and Gary Rose.
