Trilogy Energy Trust
TSX : TET.UN

Trilogy Energy Trust

February 04, 2010 16:49 ET

Trilogy Energy Trust Announces Unitholder and Court Approval of Its Proposed Conversion to a Corporation

CALGARY, ALBERTA--(Marketwire - Feb. 4, 2010) - Trilogy Energy Trust ("Trilogy" or the "Trust") (TSX:TET.UN) announces that at the special meeting of its unitholders held this morning, its unitholders overwhelmingly approved its proposed conversion (the "Conversion") from an income trust to a corporation to be named Trilogy Energy Corp. ("New Trilogy") pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement") and related transactions. Unitholders voted 99.9% in favour of the Conversion and the Conversion also received the majority of the minority approval required. Following the special meeting of unitholders, the Arrangement was approved by the Court of Queen's Bench of Alberta.

The Conversion is scheduled to be completed tomorrow. If completed tomorrow, it is expected that the common shares of New Trilogy will commence trading on the Toronto Stock Exchange under the symbol "TET" on or about Wednesday, February 10, 2010 at which time the Trust's trust units will be delisted from the Toronto Stock Exchange. 

About the Trust 

Trilogy Energy Trust is a petroleum and natural gas-focused Canadian energy trust that actively acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy's trust units are listed on the Toronto Stock Exchange under the symbol "TET.UN".

Contact Information

  • Trilogy Energy Trust
    J.H.T. (Jim) Riddell
    President and Chief Executive Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    M.G. (Mike) Kohut
    Chief Financial Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    J. B. (John) Williams
    Chief Operating Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    1400 - 332 - 6th Avenue S.W.
    Calgary, Alberta T2P 0B2
    (403) 290-2900
    (403) 263-8915 (FAX)
    www.trilogyenergy.com