TUSK Energy Corporation
TSX : TSK

TUSK Energy Corporation

January 02, 2007 13:48 ET

TUSK Energy Corporation: Zenas Plan of Arrangement Effective

CALGARY, ALBERTA--(CCNMatthews - Jan. 2, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

TUSK Energy Corporation (TSX:TSK) ("TUSK") is pleased to announce that the previously announced (November 13th and December 22nd) plan of arrangement with Zenas Energy Corp. ("Zenas") has become effective as of December 31, 2006.

In addition, effective as of January 1, 2007, TUSK amalgamated with Zenas and continued to carry on business as TUSK Energy Corporation. The common shares of Zenas are expected to be de-listed from the Toronto Stock Exchange on or about January 5, 2007.

Not for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities of TUSK Energy Corporation ("TUSK") in any jurisdiction, including the United States. The common shares of TUSK have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and have not been and will not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Contact Information

  • TUSK Energy Corporation
    Norman W. Holton
    Chairman
    (403) 264-8875
    (403) 263-4247 (FAX)
    or
    TUSK Energy Corporation
    John R. Rooney
    Chief Executive Officer
    (403) 264-8875
    (403) 263-4247 (FAX)
    or
    TUSK Energy Corporation
    1900, 700 - 4th Avenue SW
    Calgary, Alberta T2P 3J4
    Website: www.tusk-energy.com