Shiningbank Energy Income Fund
TSX : SHN.UN

Shiningbank Energy Income Fund

August 02, 2005 16:40 ET

Shiningbank Acquires Blizzard Shares and Amalgamates with Blizzard and Outlook

CALGARY, ALBERTA--(CCNMatthews - Aug. 2, 2005) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Shiningbank Energy Income Fund ("Shiningbank") (TSX:SHN.UN) announced today that, further to the joint press releases of Shiningbank and Blizzard Energy Inc. ("Blizzard") dated June 6, 2005 and July 28, 2005, the previously announced plan of arrangement involving Shiningbank and Blizzard has been closed and is effective today.

Immediately thereafter, Shiningbank Energy Ltd. (Shiningbank's administrator corporation) amalgamated with its wholly-owned subsidiary, Outlook Energy Inc., and with Blizzard to continue as one corporation under the name "Shiningbank Energy Ltd." pursuant to the provisions of the Business Corporations Act (Alberta).

Shiningbank Energy Income Fund is a conventional oil and gas royalty trust and its units are listed on The Toronto Stock Exchange under the symbol SHN.UN.

Contact Information

  • Shiningbank Energy Income Fund
    David M. Fitzpatrick
    President and C.E.O.
    (403) 268-7477 or Toll Free 1-866-268-7477
    or
    Shiningbank Energy Income Fund
    Bruce K. Gibson
    Vice President, Finance and C.F.O.
    (403) 268-7477 or Toll Free 1-866-268-7477
    or
    Shiningbank Energy Ltd.
    Debbie Carver
    Investor Relations
    (403) 268-7477 or Toll free: (866)268-7477
    (403) 268-7499 (FAX)
    Email: irinfo@shiningbank.com
    Website: www.shiningbank.com