Date Closed

June 30, 2015

Lead Office

Calgary

Value

1.53 Billion CAD

On June 30, 2015, Crescent Point Energy Corp. (Crescent Point), one of Canada’s largest light and medium oil producers, acquired all of the issued and outstanding common shares of Legacy Oil + Gas Inc. by way of arrangement (the Legacy Acquisition). The total consideration for the Legacy Acquisition was approximately C$1.53 billion, comprised of approximately 18.2 million Crescent Point common shares valued at a five-day volume weighted average trading price at the time of announcement of C$29.55 per Crescent Point common share, the assumption of net debt, anticipated adjustments for dissenting shareholders and transaction costs.  In conjunction with the Legacy Acquisition, on June 16, 2015, Crescent Point also closed a bought deal financing of common shares at C$28.50 per share, which raised gross proceeds of approximately C$660 million (the Financing).  Net proceeds from the Financing were used to reduce assumed debt and transaction costs in connection with the Legacy Acquisition.

McCarthy Tétrault LLP acted as lead counsel for Legacy Oil + Gas Inc., advising on securities, litigation and competition matters, with a team including Jim Pasieka, Sean Smyth, Gordon Cameron, Xiaodi Jin, Kelli McAllister and Frances Candy.