Ben Otto 2 color copy

Ben Otto

Associate

403.260.0189
botto@bdplaw.com
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Education:
University of Alberta, Doctor of Law (J.D.), 2018

Mount Royal University, Bachelor of Business Administration, Minor in Finance, 2015

Bar admission: Alberta 2019
Industries:
Oil and gas, Start-up and early-stage companies, Technology
Practice areas:
Banking and finance, Business law, Capital markets, Commercial agreements, Corporate governance and disclosure, Corporate reorganizations, Private equity, Mergers, acquisitions and other strategic transactions

Experience

Ben's focus is on:

Securities and corporate law

  • Public offerings
  • Private placements
  • TSX Venture Exchange and TSX Listings
  • Mergers and acquisitions
  • Share and asset acquisitions
  • Compliance with securities regulatory requirements
  • Corporate governance
  • General corporate matters

Banking and finance

  • Syndicated and bilateral financings for chartered banks, financial institutions and borrowers in a broad range of industries, including oil and gas exploration and production, energy services, commercial real estate, transportation and telecommunications
  • Domestic and cross-border financings
  • Intercreditor arrangements

Professional involvement

Professional associations

  • Member, Law Society of Alberta
  • Member, Canadian Bar Association
  • Member, Calgary Bar Association

Representative work

PrairieSky Royalty Ltd. syndicated credit facilities

Counsel to PrairieSky Royalty Ltd. in connection with a $700 million syndicated extendable revolving credit facility and a $25 million extendable operating credit facility (2021)

Decibel Cannabis Company Inc. – Credit Facilities

Counsel to Decibel Cannabis Company Inc. and its subsidiaries in connection with credit facilities provided by Connect First Credit Union Ltd. and subsequent upsize and refinancing thereof (2020, 2021, 2022)

Canadian Virtual Gurus Inc. Series A $8.4 million financing

Advised Canadian Virtual Gurus Inc. on their Series A $8.4 million financing for their diversity-focused virtual assistant marketplace.

Tidewater Renewables $150 million public offering

Counsel to a syndicate of underwriters led by CIBC in Tidewater Renewables Ltd.'s initial public offering of 10,000,000 common shares for gross proceeds of $150 million.

Greenfire Acquisition Corporation acquisition of Japan Canada Oil Sands Limited

Counsel to Greenfire Acquisition Corporation in its acquisition of all of the shares of Japan Canada Oil Sands Limited, which has a working interest in the Hangingstone facility in Alberta, for an undisclosed amount.

Decibel Cannabis Company Inc.'s $30 million credit facilities

Counsel to Decibel Cannabis Company Inc. and its subsidiaries in connection with up to $30 million in aggregate credit facilities provided by lender Connect First Credit Union Ltd.

Daytona Power Corporation's late-stage project development financing

Counsel to Daytona Power Corporation in respect of late-stage development financing for a large scale (3,500 – 4,000 MW) offshore to onshore, high voltage direct current transmission project in California.

Daytona Power Corporation's late-stage project development financing

Counsel to Daytona Power Corporation regarding a late-stage development financing for the Blue Diamond 500MW Advanced Pumped Hydro Storage Project in Nevada.

Windfarm asset project refinancing and extension

Counsel to Box Springs Wind Corporation in the refinancing and extension of the project financing for a windfarm asset in Southern Alberta.

Acquisition of Kenn Borek Air Ltd.

Counsel to Don Wall and 11412175 Canada Ltd. on the acquisition of Kenn Borek Air Ltd.

Sale of Decisive Farming Corp.

Counsel to Decisive Farming Corp in the acquisition by TELUS Agriculture Solutions Inc.

Decisive Farming Corp.'s private placement of preferred shares

Counsel to Decisive Farming Corp. regarding the private placement of Class B, Series 1 preferred shares.

Decisive Farming Corp.'s private placement of notes

Counsel to Decisive Farming Corp. regarding the private placement of 10.00% unsecured convertible redeemable notes

Obsidian Energy Ltd. acquisition in the Peace River Oil Partnership

Counsel to Obsidian Energy Ltd. in its $44 million acquisition of a 45% interest in the Peace River Oil Partnership from its partner (now 100% owned)