Precision Drilling Trust - 2009-02-24


Closed offering of 46 million units at US$3.75 each to fund the buyback of convertible notes. RBC Capital Markets and Deutsche Bank Securities Inc. were lead underwriters and TD Securities Inc., HSBC Securities (Canada) Inc., Cormark Securities Inc., FirstEnergy Capital Corp. and Tristone Capital Inc. were underwriters. Precision Drilling Raises US$172.5MM In Trust Unit Offering To Fund Note Redemption

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