Enterra Energy Trust Updates Increase to Exchangeable Share Ratios.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. -- Enterra Energy Trust (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology .UN)(NYSE NYSE See: New York Stock Exchange : ENT) updates the increase to the exchange ratio of the exchangeable shares of Enterra Energy Corp. from 1.33920 to 1.35771 and an increase to the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares from 1.14482 to 1.16065. These increases are effective on October October: see month. 15, 2006.
The increase in the exchange ratio of Enterra Energy Corp.
exchangeable shares is calculated as follows:
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Record date of Enterra Energy Trust distribution September 30, 2006
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Opening exchange ratio 1.33920
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Enterra Energy Trust distribution per unit US$0.12
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Ten-day weighted-average US$ trading price of ENT
(prior to October 15, 2006) US$8.68
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Increase in exchange ratio(x) 0.01851
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Effective date of the increase in exchange ratio October 15, 2006
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Exchange ratio as of effective date 1.35771
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The increase in the exchange ratio of Rocky Mountain Acquisition Corp.
exchangeable shares is calculated as follows:
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Record date of Enterra Energy Trust distribution September 30, 2006
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Opening exchange ratio 1.14482
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Enterra Energy Trust distribution per unit US$0.12
----------------------------------------------------------------------
Ten-day weighted-average US$ trading price of ENT
(prior to October 15, 2006) US$8.68
----------------------------------------------------------------------
Increase in exchange ratio(x) 0.01583
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Effective date of the increase in exchange ratio October 15, 2006
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Exchange ratio as of effective date 1.16065
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(x) The increase in the exchange ratio is calculated by multiplying
the Enterra Energy Trust distribution per unit by the opening
exchange ratio and dividing by the ten-day weighted average US$
trading price of ENT.
Holders of Enterra Energy Corp. exchangeable shares or Rocky Mountain Acquisition Corp. exchangeable shares can exchange all or a portion of their holdings at any time 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 Olympia, city, ancient Greece Olympia, ancient city, important center of the worship of Zeus in ancient Greece, in Elis near the Alpheus (now Alfiós) R. It was the scene of the Olympic games. 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, 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$0.12 per trust unit. |
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