Page ContentGateway Casinos Income Fund completes $106 million initial public offering Date Closed: 11/28/2002Value: $106 millionBurnaby, B.C.-based Gateway Casinos Income Fund, one of the largest casino operators in Western Canada, completed a $106 million initial public offering of trust units through a syndicate of underwriters led by Scotia Capital Inc., and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and National Bank Financial Inc. The net proceeds of the offering, together with the proceeds from a concurrent private placement of $158 million of trust units and funds drawn under a new credit facility, were used to acquire the casino and related assets of six casinos in B.C. and Alberta. The deal closed on November 28, 2002. Bruce Sinclair and Robert Kopstein of BLG provided special tax counsel to the fund.