Chamaelo, Tropic Networks and Tournament Energy Merge
On January 5, 2006, Chamaelo Exploration Ltd., Tropic Networks Inc. and Tournament Energy Ltd. completed a plan of arrangement whereby the three entities merged to form an oil and gas company with a market capitalization of approximately $311 million and its shares listed on the Toronto Stock Exchange under the name Chamaelo Exploration Ltd. In connection with the arrangement, bought deal equity financings for aggregate gross proceeds of $93,750,000 were completed with a syndicate of underwriters co-led by Orion Securities Inc. and Sprott Securities Inc. and including GMP Securities Ltd., Tristone Capital Inc., Haywood Securities Inc. and National Bank Financial Inc. (collectively, the underwriters). Bank financing was also provided by National Bank of Canada in the amount of $60 million. The underwriters were represented by Scott Wilson, Gil Malfair and Shane Stevenson of Borden Ladner Gervais LLP.

Canada Housing Trust Completes Public Offering
On December 22, 2005, Canada Housing Trust No. 1, a special purpose securitization trust, issued 4.05 per cent Canada Mortgage Bonds, series 13 in an aggregate principal amount of $4.95 billion, which were provided with Canada’s sovereign guaranteee through Canada Mortgage and Housing Corp. (CMHC). CMHC was represented in-house by Douglas Tyler, Louise Michel and Reem Hindieh, who were assisted by Borden Ladner Gervais LLP, special counsel to the trust, with a team that included Rosalind Morrow and Adam Segal (securities and derivatives), Stephen Redican, Gus Karantzoulis and Terence Lui (banking and structured finance) and Larissa Tkachenko (tax) in Toronto, and Daniel Gendron (civil) in Montreal.

Miranda Technologies Completes IPO
On December 8, 2005, Montreal-based Miranda Technologies Inc., which manufactures and markets high-performance hardware and software for the television broadcast industry, completed a $141 million initial public offering and secondary offering of its common shares, and a listing on the Toronto Stock Exchange. The over-allotment option granted by the selling shareholders to the underwriters was exercised in full on December 14, 2005. Pursuant to the option, the underwriters acquired additional common shares for $15 million. This is Canada’s largest technology IPO in five years. Miranda was represented in-house by Patrick St-Yves, director of legal services and corporate secretary, and was assisted by Borden Ladner Gervais LLP with a team that included Jacques Laurent, Frank Allen, John Godber, Fred Enns, Élise Renaud and Neil Hazan (corporate, securities), Charles Marquette (tax), Lise Bertrand (IP) and Johanne Thomas (translation).

Vernalis Acquires Cita NeuroPharmaceuticals
On December 14, 2005, Vernalis plc completed its acquisition of Cita NeuroPharmaceuticals Inc. for up to US$64.5 million. Vernalis is a UK-based specialty pharmaceutical company primarily focused on drugs for the treatment of neurology and central nervous disorders. Cita NeuroPharmaceuticals is a privately owned neuropharmaceutical company based in Ontario focused on the development and commercialization of small molecule drug candidates, such as drugs for the treatment of Parkinson’s disease and neuropathic pain. The completion of the transaction included a vendor placing, to realize cash proceeds payable to certain Cita shareholders, and an open offer of Vernalis shares in the UK. Cita was represented by Borden Ladner Gervais LLP with a team that included Jeff Graham, Alfred Page, Sonia Mak, Julie Mansi, Will Wallace and Elinore Richardson (tax) and Eric Roher (employment).