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.
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