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Reorganizations

UTS Energy Corp.

During 2003, Kinnear Financial acquired a significant stake in UTS. In 2004, Kinnear Financial participated in several UTS financings at a crucial time of low commodity prices and a lack of interest in the marketplace. Kinnear Financial was instrumental in developing a plan to attract investment for UTS’ Fort Hills oil sands mining project. Through a series of transactions, UTS acquired 100 percent control of the project and subsequently reduced its commitments to finance the project’s development. Petro-Canada and Teck Cominco Limited became co-investors, with Petro-Canada the lead partner and operator.
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Denison Mines

During 2001 and 2002, Kinnear Financial invested in Denison Mines, a distressed company with interests in energy and mining. After acquiring a significant share holding, Kinnear Financial was instrumental in formulating a strategy that led to Denison’s share consolidation and reorganization. This facilitated transforming Denison into a successful growth-oriented, intermediate uranium producer competing in the world market.
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