Trinidad Drilling Ltd. completes C$172.5 million bought deal offering

Date Closed: 12/16/2013

Value: C$172.5 million

BLG represented a syndicate of underwriters led by Raymond James Ltd. (Raymond James) and including RBC Capital Markets, FirstEnergy Capital Corp., TD Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., CIBC World Markets, Cormark Securities Inc., Paradigm Capital Inc. and Peters & Co. Limited (collectively the Underwriters), in connection with a financing, by way of a short form prospectus, of 15,000,000 common shares of Trinidad Drilling Ltd. (Trinidad or the Corporation) (TSX:TDG) at a price of $10.00 per share for gross proceeds of approximately $150.0 million (the Offering). In addition, the underwriters were granted an over-allotment option to purchase an additional 2,250,000 common shares on the same terms. The over-allotment option was fully exercised resulting in aggregate gross proceeds from the offering of $172.5 million.

BLG advised a syndicate of underwriters led by Raymond James Ltd. with a team that included Kent Kufeldt, Robyn Bourgeois and Mike Saliken.