ZARGON ENERGY TRUST
TSX : ZAR.UN

ZARGON ENERGY TRUST
Zargon Oil & Gas Ltd.
TSX : ZAR

Zargon Oil & Gas Ltd.

June 15, 2010 16:47 ET

Zargon Energy Trust Confirms June 2010 Cash Distribution

CALGARY, ALBERTA--(Marketwire - June 15, 2010) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) confirms that the monthly cash distribution for the month of June in the amount of Cdn. $0.18 per trust unit will be paid on July 15, 2010 to unitholders of record on June 30, 2010. The ex-distribution date is June 28, 2010.

On April 9, 2010, Zargon announced adoption of a Distribution Reinvestment Plan (the "DRIP"). Eligible unitholders may elect to participate in the DRIP. A complete copy of the DRIP is available on Zargon's website or by calling the Manager Income Trusts, Valiant Trust Company at (403) 233-2801.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 23.362 million trust units (ZAR.UN) and 1.699 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the June 15, 2010 revised exchange ratio there would be a total of 26.300 million trust units outstanding.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Energy Trust
    C.H. Hansen
    President and Chief Executive Officer
    403-264-9992
    or
    B.C. Heagy
    Executive Vice President and Chief Financial Officer
    403-264-9992
    zargon@zargon.ca
    www.zargon.ca