Tuckamore completes refinancing and sale of certain assets

Acted as counsel to Tuckamore Capital Management Inc. and its subsidiaries (collectively, “Tuckamore”), in connection with the repayment of all principal and accrued interest on its previously outstanding 8.00% secured debentures due March 23, 2016 as well as the concurrent completion of its previously announced refinancing transactions and the completion of its previously announced asset dispositions. In connection with the foregoing, Tuckamore repaid and terminated its existing senior credit facility and entered into a new asset-based lending facility with available credit of up to C$60m (subject to borrowing base requirements). Tuckamore also repaid all of the principal and accrued interest on its previously outstanding 8.00% secured debentures due March 23, 2016 (the “8.00% Secured Debentures”).