Peyto Exploration & Development Corp. completes C$172.5m equity offering

April 16, 2015

Client: BMO Nesbitt Burns Inc.

On April 16, 2015, Peyto Exploration & Development Corp., (“Peyto”), a natural gas weighted exploration and production company, completed its bought deal offering of common shares. Pursuant to the offering, Peyto issued 5,037,000 common shares (including 657,000 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $34.25 per common share, for total gross proceeds of approximately C$172.5m.

The syndicate of underwriters was led by BMO Capital Markets and included FirstEnergy Capital Corp., RBC Dominion Securities Inc., CIBC World Markets Inc., Peters & Co. Limited, Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp. and Dundee Securities Ltd.

Norton Rose Fulbright acted for the underwriters on all aspects of the offering.  The team was led by Mark Eade and included Dion Legge, Peter Allegretto and Kyle Johnson.