EX-5.1 2 dex51.htm OPINION AND CONSENT OF FREDRICKSON & BYRON P.A. Opinion and Consent of Fredrickson & Byron P.A.

EXHIBIT 5.1

 

January 25, 2006

 

PW Eagle, Inc.

1550 Valley River Drive

Eugene, OR 97401

 

Re:

Exhibit 5.1 to Registration Statement on Form S-3

 

Ladies/Gentlemen:

 

We are acting as corporate counsel to PW Eagle, Inc. (the “Company”) in connection with the preparation and filing of a Registration Statement on Form S-1 (the “Registration Statement”) relating to the registration under the Securities Act of 1933, as amended (the “Act”) of 1,018,667 shares of the Company’s common stock currently owned by selling shareholders of the Company (the “Shares”) and 304,667 shares of common stock which may be acquired by selling shareholders upon the exercise of certain warrants (the “Warrant Shares”), all of which may be offered for sale by such selling shareholders (the “Selling Shareholders”) named in the Registration Statement.

 

In acting as such counsel for the purpose of rendering this opinion, we have reviewed copies of the following, as presented to us by the Company:

 

  1.

The Company’s Articles of Incorporation, as amended (“Articles”);

 

  2.

The Company’s Bylaws, as amended;

 

  3.

Certain corporate resolutions of the Company’s Board of Directors pertaining to the issuance of the Shares and the Warrant Shares by the Company; and

 

  4.

The Registration Statement.

 

Based on, and subject to, the foregoing and upon representations and information provided by the Company or its officers or directors, it is our opinion as of this date that:

 

  1.

The Company’s Articles validly authorize the issuance of the Shares and Warrant Shares registered pursuant to the Registration Statement.

 

  2.

The Shares to be sold by the Selling Shareholders named in the Registration Statement are, or will upon issuance be, validly issued and outstanding, fully paid and nonassessable.

 

  3.

Upon the delivery and payment therefor in accordance with the terms of the warrants, the Warrant Shares to be issued and sold by the Company upon exercise of the warrants will be validly issued and outstanding, fully paid and nonassessable.

 

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement.

 

Sincerely,

 

FREDRIKSON & BYRON, P.A.

 

/s/ Melodie R. Rose

Vice President