Great Lakes Carbon Income Fund completes C$178 million offering of trust units

Torys acted as counsel to Great Lakes Carbon Income Fund with a team that included Jamie Scarlett, Glen Johnson, Darren Baccus, Amy Johnson-Spina, Rafal Nowak, Mark Irving and Karen Ayre (corporate/securities), Corrado Cardarelli, Peter Keenan, Ron Nobrega, Pamela Petree and Andrea Shreeram (tax) and Jeff Gracer (environmental).

On August 31, 2005, Great Lakes Carbon Income Fund (TSX: GLC.UN) completed a C$178 million bought deal offering of 14,250,000 trust units to a syndicate of dealers led by BMO Nesbitt Burns Inc. and including RBC Dominion Securities, National Bank Financial, Genuity Capital Markets, Scotia Capital and TD Securities. The proceeds from this offering were used to increase the fund's ownership in Great Lakes Carbon LLC, the world's largest producer of anode and industrial-grade calcined petroleum coke.