Bruce Allford 1303

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: 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

Experience

Bruce specializes in securities law, 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 financings, corporate reorganizations and corporate governance and compliance matters.

 

Professional involvement

Bruce is the Co-Chair, Business Development Committee, BD&P.

Corporate roles

Bruce is a Director of White Horse Resources Ltd. (private) and the Corporate Secretary of Bengal Energy Ltd. (TSX) and Corex Resources Ltd. and Saguaro Resources Ltd.

Professional associations

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

Representative work

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 for an undisclosed sum.

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. The companies entered into a joint venture agreement to development the assets with Tourmaline operating the joint venture and related facilities

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 non-brokered private placement of 330,720,000 common shares for aggregate gross proceeds of approximately $16.5 million

Predator Drilling Inc.'s $9 million private placement

Counsel to Predator Drilling Inc. in the private placement of an aggregate amount of $9,000,000 of Series 3 Second Preferred Shares to institutional and high net worth investors, along with implementation of a new 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 for an undisclosed sum.

STEM Learning Lab Inc. merger with Edgemakers Inc.

Counsel to STEM Learning Lab Inc. in its merger transaction with EdgeMakers Inc.

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.

Serious Labs Inc.'s US$5 million financing

Counsel to Serious Labs Inc. in its US$5 million equity private placement financing.

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.

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.

Awards

Recent honours and recognition

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

Named in Who's Who Legal as a recommended lawyer in Canada - Energy (2023)

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) by the Canadian Legal Lexpert Directory