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Client Work

Private Placement of Class B Preferred Shares

Fasken
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Client

Ostara Nutrient Recovery Technologies Inc.

Ostara Nutrient Recovery Technologies Inc. successfully completed a preferred equity financing for aggregate proceeds in excess of US$11 million. The financing was co-led by Wheatsheaf Group Limited and VantagePoint Capital Partners, with follow-on participation by other existing Ostara investors.
 
In connection with the financing, Ostara Nutrient Recovery Technologies Inc. restructured its share capital, including the creation of new preferred share classes and series and the conversion of certain existing debt into preferred equity.
 
Fasken advised Ostara Nutrient Recovery Technologies Inc. on all aspects of the transaction. The team was led by Blair Horn (Securities and M&A), and included Leo Daniels (Securities and M&A), Myriam Gonzalez (Securities and M&A) and KC Miu (Banking).

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