Cormark acted as Co-Manager in Monterey’s initial private offering of Flow Through shares in 2006
Cormark acted as Co-Manager in Monterey’s initial private offering of Flow Through shares in 2006
1 PagesSale Advisory Sales & Trading Research Coverage Supporting Our Clients: An Integrated Approach Follow-on Financings Private Financing & RTO • Cormark was the dominant trader of Monterey since the reverse takeover consistently ranking as the #1 gross buyer and #1 net trader of the stock • Monterey was marketed on 7 separate occasions by Cormark meeting over 67 institutions • Monterey selected Cormark to run a focused sale process in the spring of 2010 and provide a fairness opinion on its eventual sale to Pengrowth Energy Trust • Monterey sold for ~$440 million; a 90% premium to the company’s 30 day VWAP share price • Cormark was the sole bookrunner on Monterey’s two follow-on offerings totaling over $36 million • Cormark took a leadership role in marketing the company t
