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Parkland Corporation establishes C$250 million at-the-market equity program

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Parkland Fuel Corp.

On March 25, 2021 Parkland Corporation ("Parkland"), an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator, announced that it established an at-the-market equity program (the “ATM Program”) under which Parkland may from time to time issue up to C$250,000,000 of common shares from treasury (“Common Shares”) to the public at the prevailing market price.

Sales of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement dated March 25, 2021 among Parkland, J.P. Morgan Securities Canada Inc. and Canaccord Genuity Corp.

The ATM Program was established pursuant to a prospectus supplement dated March 25, 2021 (the “Prospectus Supplement”) to Parkland’s short form base shelf prospectus dated August 17, 2020 (the “Shelf Prospectus”). Fasken acted as counsel to Parkland in connection with the filing of the Shelf Prospectus and the Prospectus Supplement.

Parkland was advised by Fasken by a team that included Sarah Gingrich, Perry Feldman and Aman Marwaha (Capital Markets and Securities).



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