News | Private Equity

SJ Berwin Advises First Calgary Petroleums on Admission to AIM and Fundraising

Monday 5th August 2002

SJ Berwin represented First Calgary Petroleums Limited ("FCP") in respect of its recent admission to the Alternative Investment Market ("AIM") and fundraising. The simultaneous placing in the UK and Canada raised approximately C$25m.

FCP, a Canadian public company based in Calgary and already listed on the Toronto Stock Exchange, is an oil and gas exploration company whose operations are focused in Algeria, where the Company holds interests in two blocks comprising over 2,200 sq kms, and also in Yemen.

On admission, FCP was capitalised at approximately £54m. FCP sought an AIM listing to provide access to LondonÕs capital market, to enhance its international profile and to seek further monies for funding of exploration wells to be drilled later this year and for working capital purposes.

The SJ Berwin team was led by corporate partner Michael Goldberg, assisted by corporate assistant David Nead.

The UK nominated adviser was Nabarro Wells & Co. Limited and the UK nominated broker was Canaccord Capital (Europe) Limited, who were represented by Charles Russell.

FCP was represented in Canada by Burnet, Duckworth & Palmer LLP.

Notes:

• SJ Berwin is a full-service international legal practice with more than 470 lawyers across its offices in London, Brussels, Frankfurt, Berlin, Munich, Madrid and Paris.
• SJ Berwin recently won "Private Equity Law Firm of the Year: Firm and funds work" at the European Venture Capital Journal Awards and "Best Law Firm (fund documentation)" at the PrivateEquityOnline Awards, and was runner up in the category of "Best Law Firm (transactions)".
• SJ Berwin won the European Venture Capital Journal Award for Private Equity Law Firm of the Year 2000, Law Firm of the Year and Property Team of the Year at The Lawyer Awards 2000, and Competition Team of the Year at the Legal Business Awards 2000.

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