Equity Company Exchange / Symbol Headquarters Amount Comments Advantage Energy Income Fund. (Toronto: AVN) Calgary C$15.8 million Plans to sell 2 million trust units at C$7.90 each on a bought-deal basis. The underwriters will be led by Scotia Capital and include CIBC World Markets Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc. The underwriters have the option to purchase up to an additional 500,000 units at the same price. Pengrowth Energy Trust (Toronto: PGF) Calgary C$11.3 million Issued 877,500 trust units at C$12.85 each. The syndicate of underwriters was led by RBC Capital Markets and included BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corp., Raymond James Ltd., Dundee Securities Corp. and FirstEnergy Capital Corp. Crescent Point Energy Ltd. (Canadian Calgary Up to C$10 million Will issue up to 6.67 million special warrants at C$1.50 each. The un- Venture: CPG) derderwriters are led by Griffiths McBurney & Partners. The underwriter has agreed to purchase for resale on a bought-deal basis 4 million of the special warrants. Proceeds will finance capital expenditures. Kaieteur Resource Corp. (Canadian Venture: KTR) Vancouver C$10 million Plans to privately place 13.33 million special warrants at C$0.75 each. Yorktown Securities Inc. is agent. Kensington Energy Ltd. (Canadian Venture: KNN) Calgary C$6.7 million Privately placed 8.57 million class A common shares at C$0.35 each and 8,222,222 flow-through class A shares at C$0.45 each. Griffiths McBurney & Partners acted as underwriter for the financing. The proceeds will finance exploration and development. Devlan Exploration Inc. (Canadian Venture: DXI) Calgary C$5.45 million Privately placed 1.98 million common shares at C$2.75 each. Proceeds will fund exploration in western Canada. Research Capital Corp. and Dominick & Dominick Securities Inc. were agents. Elk Point Resources Inc. (Canadian Venture: ELK) Calgary C$5.19 million Will privately place 1.25 million flow-through common shares at C$4.15 each. Proceeds will finance exploration in western Canada. The syndicate of underwriters is led by Dundee Securities Corp., and includes CIBC World Markets Inc., FirstEnergy Capital Corp., Griffiths McBurney & Partners and Haywood Securities Inc. Debt Canadian 88 Energy Corp. (Amex: EEE; Toronto: EEE) Calgary C$5.01 million Privately placed 2.33 million flow-through common shares at C$2.15 each. The proceeds will fund seismic acquisition and an exploratory drilling program. The underwriters were Dundee Securities Corp. and Yorkton Securities Inc. Defiant Energy Corp. (Canadian Venture: DEF) Calgary Up to C$2.8 million Will issue up to 1 million common shares on a flow-through basis at C$1.50 each and 1 million common shares at C$1.30 each. Jennings Capital Inc. and Dominick & Dominick Securities Inc. are agents. Calpine Corp. (NYSE: CPN) San Jose, Calif. US$1 billion Will receive an additional US$1 billion unsecured working-capital credit facility to borrow up to US$350 million initially. The banks include The Bank of Nova Scotia, Bank of America, Bayerische Landesbank Girozentrale, Citibank, Credit Suisse First Boston, Deutsche Bank and The Toronto-Dominion Bank. The Williams Cos. Inc. (NYSE: WMB) Tulsa, Okla. US$1 billion Plans to offer US$1 billion in units, consisting of a five-year senior debt security and an equity purchase contract. Proceeds will be used to fund its capital program, repay commercial paper and other short-term debt and for general corporate purposes. Merrill Lynch & Co. and Salomon Smith Barney Inc. are joint-lead managers. Comstock Resources Inc. (NYSE: CRK) Frisco, Texas US$350 million Received a $350-million senior secured revolving facility arranged by TD Securities (USA) Inc. The three-year facility will have an initial borrowing base of US$270 million. The funds will be used for its acquisition of DevX Energy Inc. and to refinance debt. Genesis Energy LP (Amex: GEL) Houston US$130 million Entered into a two-year US$130-million senior secured revolving credit facility with Citicorp North America Inc. The funds will finance existing obligations and general operations. Energy Partners Ltd. (NYSE: EPL) New Orleans US$100 million Has increased its existing credit facility from US$65 million to US$100 million. Touchstone Resources Ltd. (Canadian Venture: TUT) Vancouver US$1 million Privately placed 1.04 million of convertible debentures at US$0.96 each. Blue Lagoon Ventures Inc. (Canadian Venture: BLG) Vancouver Up to C$100,000 Will privately place up to C$100,000 convertible debentures. Attached to each debenture is a warrant exercisable to acquire an additional common share at a price of C$0.10 in the first year and C$0.15 in the second year. Proceeds will finance the acquisition of the Coalinga, Fresno County, Calif., working interest and working capital.

Comments