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R. Bruce Allford

Partner

403.260.0247
rba@bdplaw.com
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Education:

University of Alberta, Bachelor of Laws, 1990

University of Alberta, Bachelor of Commerce, 1986

Bar admission: Alberta, 1991

Industries:

Oil and gas, Renewables and energy transition, Start-up and early-stage companies, Technology

Practice areas:

Business law, Capital markets, Mergers, acquisitions and other strategic transactions, Corporate governance and disclosure

Experience

Bruce specializes in securities law, corporate finance, capital markets and mergers and acquisitions. He advises clients across a number of industries on variety of corporate matters including equity and debt financings, mergers & acquisitions, private equity investments, corporate reorganizations and corporate governance and compliance matters.

Professional involvement

Corporate roles

Bruce is the Corporate Secretary of Bengal Energy Ltd. (TSX) and Corex Resources Ltd.

Professional associations

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

Representative work

Lime Rock New Energy investment in Iconic Power Systems Inc.

Counsel to Lime Rock New Energy in its investment in Iconic Power Systems Inc.

Saguaro Resources Ltd. acquisition by Tourmaline Oil Corp.

Counsel to Saguaro Resources Ltd., a Calgary-based oil and gas exploration and production company, in its $500 million acquisition by Tourmaline Oil Corp.

Castlegate Energy Ltd. acquisition by Highwood Asset Management Ltd.

Counsel to to Castlegate Energy Ltd. in its $36 million acquisition by Highwood Asset Management Ltd.

Lime Rock Partners investment in Pentacor Energy Corp.

Counsel to Lime Rock Partners in its equity investment in Pentacor Energy Corp.

Lime Rock Partners – Sale of Cor4 Oil Corp.

Counsel to Lime Rock Partners in the $84 million sale of Cor4 Oil Corp. to International Petroleum Corporation.

WestBlock Capital Inc. acquisition by LUXXFOLIO Holdings Inc.

Counsel to WestBlock Capital Inc., a cryptocurrency mining company, in its acquisition by LUXXFOLIO Holdings Inc., a digital infrastructure provider based in Canada.

Saguaro Resources Ltd. sale of energy assets to Tourmaline Oil Corp.

Counsel to Saguaro Resources Ltd. in the sale of 50% of its assets in the Laprise-Conroy North Montney area of British Columbia to Tourmaline Oil Corp. for $205 million.

Kicking Horse Oil & Gas Ltd.'s $300 million acquisition by Whitecap Resources Inc.

Counsel to Kicking Horse Oil & Gas Ltd., a portfolio company of Quantum Energy Partners, in its $300 million acquisition by Whitecap Resources Inc.

Bengal Energy $16.5 million private placement

Counsel to Bengal Energy in its $16.5 million non-brokered private placement of common shares.

Predator Drilling Inc.'s Private Placement and Credit Facility

Counsel to Predator Drilling Inc. in its private placement of $9 million of Series 3 Second Preferred Shares and implementation of a US$12.0 million revolving credit facility and US$2.5 million term credit facility with a US based mid-market lender.

4iiii Innovations Inc.'s acquisition of STAC Performance

Counsel to 4iiii Innovations Inc., a sports performance technology company, in its acquisition of STAC Performance..

Yoho Resources Inc. going private transaction

Counsel to Yoho Resources Inc. in the $30.5 million going private transaction led by One Stone Energy Partners LP.

Kicking Horse Energy Inc.'s acquisition by ORLEN Upstream Canada Ltd.

Counsel to Kicking Horse Energy Inc. in the $356 million acquisition by ORLEN Upstream Canada Ltd., a wholly owned subsidiary of PKN ORLEN S.A.

Counsel to private oil & gas companies in connection with over $1 billion of private equity financing transactions

Counsel to a number of private oil & gas companies in connection with over $1 billion of private equity financing transactions, with both Canadian and US based private equity sponsors.

Parex Resources Inc.'s acquisition of Verano Energy Limited

Counsel to Parex Resources Inc. in the $198 million acquisition of Verano Energy Limited.

Parex Resources Inc.'s $302 million public offering of subscription receipts

Counsel to Parex Resources Inc. in the $302 million public offering of 31,000,000 subscription receipts.

Formation and initial financing of Parex Resources Inc.

Counsel to Petro Andina Resources Inc. in the $500 million acquisition by Pluspetrol Resources Corporation N.V., and formation and initial financing of Parex Resources Inc.

Northern Spirit Resources Inc.'s $25 million investment transaction

Counsel to Northern Spirit Resources Inc. (now Tenaz Energy Corp.) in connection with its recapitalization, reorganization and $25 million investment transaction.

Awards

Recent honours and recognition

Named in Who's Who Legal as a Global Elite Thought Leader in Energy (2023).

Named in Who's Who Legal as a recommended lawyer in Energy - Oil & Gas (2023, 2024)

Named by Who's Who Legal (Canadian Guide) as a recommended lawyer in Energy (2023-2024)

Named in the Legal 500 Canada as a recommended lawyer in Corporate and M&A (2023)

Leading lawyer in Energy: Oil & Gas (2016-2022) and Corporate Commercial Alberta (2018-2022) by Chambers Canada.

Leading lawyer in Corporate Commercial (2022 - 2025) by the Canadian Legal Lexpert Directory

News

March 11, 2025