30 LEXPERT
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2019
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WWW.LEXPERT.CA
Spitznagel, QC, Perry Bennett Jones LLP
(403) 298-3153 spitznagelp@bennettjones.com
Mr. Spitznagel is Vice-Chairman of Bennett Jones and former Managing Part-
ner of the Calgary office. He has extensive national and cross-border experi-
ence in a broad range of corporate matters and has acted for clients in some
of the largest transactions in Canada, including many of Canada's and North
America's largest national and cross-border mergers.
Spector, Charles R. Dentons Canada LLP
(514) 878-8847 charles.spector@dentons.com
Mr. Spector leads the Dentons national Corporate Law practice group. His
practice covers a wide range of commercial transactions focusing primarily
on public and private corporate and project financing, takeovers, and mer-
gers and acquisitions. He represents clients in certain key industries includ-
ing energy, oil and gas, pulp and paper and mining.
Sonshine, Aaron E. Bennett Jones LLP
(416) 777-6448 sonshinea@bennettjones.com
Mr. Sonshine practises corporate and securities law with particular emphasis
on corporate finance, M&A, private equity and corporate governance matters.
He has substantial cross-border and domestic experience in the mining and
power & utilities sectors, among others. He is a member of the Ontario Bar
Association, the Canadian Bar Association and the PDAC.
Smith, QC, Lawrence E. (Laurie) Bennett Jones LLP
(403) 298-3315 smithl@bennettjones.com
Mr. Smith acts for utilities, pipeline/LNG/offshore projects before federal/
provincial regulators and has appeared before federal/provincial appellate
courts and the SCC. He is former counsel to the National Energy Board;
a former federal ministerial policy advisor; and has testified as an expert
witness in a NAF TA Chapter 11 arbitration and before the California
Energy Commission.
Skelton, Christopher R. Bennett Jones LLP
(403) 298-3309 skeltonc@bennettjones.com
Mr. Skelton is a partner in Bennett Jones' Calgary office. He is a member of
the firm's Oil & Gas and Private Equity groups, and Co-chair of its Commercial
Transactions Practice Group. His practice relates primarily to commercial
transactions, with a focus on private investments and acquisitions, and
project joint ventures.
Singer, Jeffrey Stikeman Elliott LLP
(416) 869-5656 jsinger@stikeman.com
Mr. Singer is Toronto's Managing Partner and a member of the firm's Executive
Committee and Partnership Board. His market-leading practice focuses on
domestic and international mergers and acquisitions, capital markets
and private-equity related transactions. He is a published author, lecturer
at various conferences and law schools and recipient of the Queen Elizabeth
II Diamond Jubilee Medal.
LEXPERT-RANKED LAWYERS
an offering of 47,415,801 subscription receipts
at a price of $8.10 per subscription receipt for
gross proceeds of approximately $384 million.
Subscription receipts totaling 20,990,000 were
issued pursuant to a prospectus offering and an
additional 26,425,801 subscription receipts were
issued pursuant to a private placement to certain
investors, each co-led by CIBC Capital Markets,
Peters & Co. Limited and RBC Capital Mar-
kets. e offerings closed on August 30, 2018.
e balance of the purchase price for the acqui-
sition was funded through NuVista's increased
credit facility.
NuVista was represented by Burnet, Duck-
worth & Palmer LLP with a team that included
Grant Zawalsky, Shannon Gangl, Gina Ross,
Alicia Quesnel, Heather DiGregorio, Caro-
lyn Wright, Edward (Ted) Brown, Kirk Lamb,
Bronwyn Inkster, Brandon Holden, Brittney
LaBranche, Nigel Behrens, Riley O'Brien and
Emily McDermott.
NuVista was also represented by Paul Negen-
man of Lawson Lundell LLP with regard to
the draing and negotiation of the sale agree-
ment and closing matters. Lawson Lundell also
conducted title due diligence on the assets, with a
team that included Randy Madsen, Jason Paton,
Bernadita Tamura-O'Connor and Carson Falk.
Cenovus was represented internally by an in-
house team that included Geoff Paskuski, Amy
Gillespie and Jeffrey Whyte. Blake, Cassels &
Graydon LLP provided external support with
a team that included Ben Rogers, Julie Soloway,
Evan Herbert, Anna McKilligan and Julia Potter.
e underwriters were represented by Torys
LLP with a team that included Scott Cochlan,
Janan Paskaran, Mike Pedlow, Michele Cousens
and Aaron Zambonin.
AKITA DRILLING LTD.
AND XTREME DRILLING CORP.
CLOSE STRATEGIC
BUSINESS COMBINATION
On September 11, 2018, AKITA Drilling Ltd.
("AKITA") acquired all of the issued and out-
standing common shares of Xtreme Drilling
Corp. ("Xtreme") by way of a Plan of Arrange-
ment. Xtreme shareholders were able to elect to
receive 0.3732394 of a Class A non-voting share
of AKITA or $2.65 in cash for each Xtreme com-
mon share held, or a combination thereof, in each
case subject to proration as determined by a cash
maximum and a share maximum.
Bennett Jones LLP was Canadian counsel to
AKITA Drilling Ltd. with a team led by Wil-
liam Osler and including Kahlan Mills, Kay She
(M&A/Corporate), Jeremy Russell and Taylor
Davis (Financial Services). Vinson & Elkins LLP
were US counsel to AKITA. AKITA was provid-
