Vault Energy Trust

Vault Energy Trust

June 30, 2005 13:24 ET

Vault Energy Trust Announces Special Distribution and June Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - June 30, 2005) - Vault Energy Trust ("Vault") (TSX:VNG.UN) is pleased to announce that the special distribution of CDN$0.115 per unit as disclosed in the Information Circular of Chamaelo Energy Inc. dated May 20, 2005 (the "Information Circular"), will be paid on June 30, 2005. The date of record for the special distribution was June 22, 2005, being the effective date of the plan of arrangement detailed in the Information Circular.

Vault also announces its initial cash distribution, as previously disclosed in the Information Circular to be payable on July 15, 2005, will be CDN$0.115 per unit. Due to the proximity of the effective date of the plan of arrangement to the end of the month and the fact that the trust units of Vault were not trading until June 27, 2005, the record date for this distribution will be July 9, 2005. While Vault generally intends for the record date to occur on the last calendar day of the month, it does have the flexibility under its Trust Indenture to set the record date after such time in order to allow the Toronto Stock Exchange sufficient time to advise the market of the ex-distribution date. The ex-distribution date for this distribution will be July 7, 2005.

Except for the historical information and present factual information contained herein, the matters set forth in this news release are forward-looking information that represents management's initial projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Vault. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Vault's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, holders of Vault Trust Units and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted.

Contact Information

  • Vault Energy Trust
    Robert Jepson
    President and Chief Executive Officer
    (403) 232-8575 ext. 225
    Vault Energy Trust
    Greg Fisher
    VP, Finance and Chief Financial Officer
    (403) 232-8575 ext. 229
    Vault Energy Trust
    Nicole Collard
    Investor Relations
    (403) 232-8575 ext. 296