Enterra Energy Trust Updates Increase to Exchangeable Share Ratios.CALGARY, Alberta -- The last sentence of the About Enterra paragraph should read "The Trust pays out a monthly distribution, which is currently US$0.06 per trust unit." sted "xxx US$0.12 per trust unit." The corrected release reads: Enterra Energy Trust Updates Increase to Exchangeable Share Ratios Enterra Energy Trust (NYSE NYSE See: New York Stock Exchange : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : ENT.UN) updates the increase to the exchange ratio of the exchangeable shares of Enterra Energy Corp. from 1.39937 to 1.42075 and an increase to the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares from 1.19626 to 1.21453. These increases are effective on January 15, 2007. The increase in the exchange ratio of Enterra Energy Corp. exchangeable shares is calculated as follows: [TABLE OMITTED] The increase in the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares is calculated as follows: [TABLE OMITTED] (a) The increase in the exchange ratio is calculated by multiplying the Enterra Energy Trust distribution per unit by the opening exchange ratio and dividing by the ten-day weighted average US$ trading price Trading price The price at which a security is currently selling. of ENT. As previously advised, Rocky Mountain Acquisition Corp. exchangeable shares were automatically redeemed on January 19, 2007. Enterra Energy Corp. exchangeable shares will be automatically redeemed on January 31, 2007. Holders of the above noted exchangeable shares can exchange all or a portion of their holdings at any time prior to the automatic redemption dates by giving notice to their investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and or Olympia Trust Company at its principal transfer office at Suite 2300, 125 - 9th Avenue SE, Calgary, Alberta T2G T2G Time To Go (chat) 0P6. About Enterra: Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta. The Trust acquires, operates and exploits petroleum and natural gas assets principally in Alberta and British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada, and in Oklahoma and Wyoming, U.S.A. The Trust pays out a monthly distribution, which is currently US$0.06 per trust unit. |
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