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Fasken Martineau involved in 3 of top financing deals in 2006

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December 29, 2006


A National Post article by Barry Critchley (December 27, 2006) lists the top financing deals of 2006, including deals involving First Uranium, sxr Uranium and Addax Petroleum. Fasken Martineau was counsel to all three. In the article, Barry Chritchley writes:

"In 2006, Canada emerged as the uranium financing capital of the world. Earlier this month, First Uranium-- a company that acquires, produces and develops uranium projects in South Africa -- raised $203-million via the sale of 29 million shares at $7 a share. That deal... was the biggest for the sector in 2006. SXR Uranium was also busy with two deals: $173-million from an offering of common shares and $155-million from an offering of convertible debentures."

"As for initial public offerings, a few stand out. Addax Petroleum Corp., which has operations in Africa, raised $450-million in a debut issue in February and followed up with a $401-million issue in August to help fund the acquisition of Pan-Ocean Energy."