Pipestone Energy Corp. Announces $70M Convertible Preferred Share Financing Transaction
Vinson & Elkins advised affiliates of Riverstone Holdings, LLC as the lead investor in signing definitive agreements regarding a private placement of newly issued convertible preferred shares of Pipestone Energy Corp. with an initial liquidation preference of CAD$70 million.
Pipestone Energy Corp. is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, Alberta, Canada.
The V&E team was led by Dan Komarek and Crosby Scofield with assistance from Luke Thomas. David Peck and Jason McIntosh provided tax advice. Bennett Jones LLP served as co-counsel.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
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