Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Pristine Power completes US$55 million IPO and commences trading on TSX

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Haywood Securities and Cormark Securities

On March 18, 2008, Pristine Power Inc. ("Pristine") completed its initial public offering of 12,500,000 common shares. Haywood Securities Inc. and Cormark Securities Inc. acted as co-lead agents in connection with the offering together with Canaccord Capital Corporation and Macquarie Capital Markets Canada Ltd. as agents (collectively, the "Agents"). On April 18, 2008, the Agents exercised an over-allotment option with respect to the IPO, resulting in Pristine Power raising aggregate gross proceeds of $55 million. Pristine is in the business of developing, owning and operating independent power plants that will produce and sell electricity and, in some cases, sell process steam to industrial users. The Agents were advised in this transaction by a team from Fasken Martineau led by Blair Horn and that included, among others, Lindy Bremner, Amanda MacAdams and Tanner Helwig, assisted by articled students Mark Gustafson and Anna Silver.

Team

    Subscribe

    Receive email updates from our team

    Subscribe