Canadian International Oil completes private placement, partnership with Riverstone Holdings

On March 27, 2014, Canadian International Oil Corp. (CIOC) announced an equity commitment of C$200 million from energy private equity firm Riverstone Holdings LLC (Riverstone). The Riverstone commitment comprises C$133 million from Riverstone Global Energy and Power Fund V and C$67 million from Riverstone Energy Limited.

TD Securities acted as lead advisor to CIOC for the offering along with GMP Securities L.P., CIBC World Markets Inc. and BMO Capital Markets acting as strategic advisors.

The investment will be used to fund CIOC's development program in the Western Canadian Deep Basin.

CIOC is a privately held oil and gas company based in Calgary, with a primary asset base of approximately 400,000 acres in the Deep Basin of West Central Alberta.

Riverstone is an energy and power-focused private investment firm that conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry.

Further information can be found on PR Newswire's website.