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Grant A. Zawalsky

Partner and Vice Chair

403.260.0376
gaz@bdplaw.com
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Education:

University of Alberta, Bachelor of Laws, 1986 University of Alberta, Bachelor of Commerce, 1982 Bar admission: Alberta 1987

Industries:

Aerospace, Oil and gas

Practice areas:

Business law, Capital markets, Corporate governance and disclosure, Private equity, Shareholder rights and activism, Mergers, acquisitions and other strategic transactions

Experience

Grant's focus is on:

Securities and corporate law

Public and private offerings of debt, equity and hybrid securities
Takeover bids, mergers, acquisitions and other corporate reorganizations
Corporate governance
Shareholder activism
Stock exchange listing matters and regulatory compliance matters

Community involvement

President Calgary Petroleum Club (2020-2021)

Professional involvement

Board memberships

Director of Mediterra Energy Corporation, North 40 Resources Ltd., NuVista Energy Ltd., PrairieSky Royalty Ltd., Rolling Hills Energy Ltd., Spur Petroleum Ltd., and Whitecap Resources Inc.
Corporate Secretary of ARC Resources Ltd.

Professional associations

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

Representative work

ARC Resources Ltd.'s $8.1 billion combination

Counsel to ARC Resources Ltd. in its $8.1 billion strategic Montney combination with Seven Generations Energy, resulting in ARC becoming Canada's largest condensate producer, third-largest natural gas producer and sixth-largest upstream energy company.

Shaw Communications $26 billion acquisition by Rogers

Counsel to the special committee of the board of directors of Shaw Communications in the $26 billion acquisition by Rogers Communications (pending regulatory approval)

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

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

Whitecap Resources Inc.'s $560 million combination with TORC Oil & Gas Ltd.

Counsel to Whitecap Resources Inc. in its strategic business combination with TORC Oil & Gas Ltd. from Canada Pension Plan Investment Board and others for approximately $560 million.

MEG Energy Corp.'s hostile tender offer from Husky Energy

Counsel to MEG, a Canadian oil sands producer, and its board of directors in response to the unsolicited tender offer by Husky Energy. Husky sought to acquire the entire share capital of MEG for approximately $6 billion.

NuVista Energy Ltd.'s $419 million strategic equity financings

Counsel to Nuvista Energy Ltd. in a $214 million private placement of subscription receipts, and a concurrent $170 million prospectus offering of subscription receipts for proceeds of $384 million, as well as in the private placement of $35 million in common shares.

NuVista Energy Ltd.'s acquisition of pipestone business of Cenovus Energy Inc.

Counsel to NuVista in the $625 million acquisition of the Cenovus Pipestone Partnership, which holds assets in the Pipestone area of Northwest Alberta.

Spur Resources Ltd.'s $407 million acquisition

Counsel to Spur Resources Ltd. in the $407.5 million acquisition by Tamarack Valley Energy Ltd.

FirstEnergy Capital Corp.'s acquisition by GMP Capital Inc.

Counsel to FirstEnergy Capital Corp. in its $99 million acquisition by GMP Capital Inc..

$595 million energy asset acquisition by Whitecap Resources Inc.

Counsel to Whitecap Resources Inc. in the $595 million acquisition of premium oil assets in southwest Saskatchewan from Husky Energy Inc.

Baytex Energy Corp.'s $1.5 billion financing

Counsel to Baytex Energy Corp. in its $1.5 billion public offering of 38,433,000 subscription receipts.

CNOOC Ltd.'s $15 billion acquisition of Nexen Inc.

Counsel to the board of directors of Nexen Inc. in Nexen's $15 billion acquisition by CNOOC Ltd.

Bonavista Energy Corporation's $345 million financing

Counsel to Bonavista Energy Corporation in the $345 million public offering of 20,930,000 common shares.

Citadel Group of Funds contested unitholder meetings

Counsel to the independent director and the chairman in his administration of a series of contested unitholder meetings organized by the Citadel Fund Administrator.

Penn West Energy Trust merger with Canetic Resources Trust

Counsel to Penn West Energy Trust with respect to the $14 billion merger with Canetic Resources Trust completed by statutory Plan of Arrangement&nbsp

Awards

Recent honours and recognition

Named in Lexpert's special edition: Finance and Mergers & Acquisitions 2025

Named in Chambers Canada as a leading lawyer in corporate commercial (2016-2025)

Recognized by Best Lawyers in Canada in Corporate Law and Mergers and Acquisitions Law (2023, 2024, 2025)

Leading lawyer in Corporate Finance and M&A (2023 - 2025) by the Canadian Legal Lexpert Directory

Named in the Legal 500 Canada as a recommended lawyer in Corporate and M&A (2018, 2020, 2022, 2023)

Named in Chambers Canada as a leading lawyer in corporate commercial (2016-2025)

Named in Lexpert's Special Edition: Energy and Mining 2024

Named in Lexpert's special edition on Canada's leading energy lawyers (2020)

Calgary M&A Lawyer of the Year by Best Lawyers in Canada (2014 and 2019)

Recognized in the Lexpert/American lawyer guide to the leading 500 lawyers in Canada (ALM 500) in the area of M&A (annually since 2004), corporate finance and securities (2019), and in corporate mid-market (2019)

Named in Who's Who Legal: Canada in the area of capital markets (annually since 2010) and energy (2018)

Recommended in Who's Who Legal in the area of capital markets (2006-2013) and energy (2016-2018)

Chamber's Global leading lawyer in the area of corporate/M&A (2002-2015)

Named in Lexpert's special edition on Canada's leading corporate lawyers (annually since 2013)

News

April 16, 2025

Grant A. Zawalsky

Experience

Community involvement

Professional involvement

Board memberships

Professional associations

Representative work

ARC Resources Ltd.'s $8.1 billion combination

Shaw Communications $26 billion acquisition by Rogers

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

​Whitecap Resources Inc.'s $560 million combination with TORC Oil & Gas Ltd.

MEG Energy Corp.'s hostile tender offer from Husky Energy

NuVista Energy Ltd.'s $419 million strategic equity financings

NuVista Energy Ltd.'s acquisition of pipestone business of Cenovus Energy Inc.

Spur Resources Ltd.'s $407 million acquisition

FirstEnergy Capital Corp.'s acquisition by GMP Capital Inc.

$595 million energy asset acquisition by Whitecap Resources Inc.

Baytex Energy Corp.'s $1.5 billion financing

CNOOC Ltd.'s $15 billion acquisition of Nexen Inc.

Bonavista Energy Corporation's $345 million financing

Citadel Group of Funds contested unitholder meetings

Penn West Energy Trust merger with Canetic Resources Trust

Awards

Recent honours and recognition

News

Whitecap Resources Inc.'s $560 million combination with TORC Oil & Gas Ltd.