Viking Energy Royalty Trust
TSX : VKR.UN
TSX : VKR.DB

Viking Energy Royalty Trust

October 03, 2005 18:59 ET

Viking Energy Royalty Trust Announces its 6.40% Convertible Debentures Offering Increased to $175 Million

CALGARY, ALBERTA--(CCNMatthews - Oct. 3, 2005) - Viking Energy Royalty Trust ("Viking") (TSX:VKR.UN) (TSX:VKR.DB) announces that the underwriters of its offering of 6.40% Convertible Unsecured Subordinated Debentures (the "Debentures") have exercised their option to purchase an additional 25,000 Debentures on the same terms and conditions as previously announced bringing the total Debentures to be issued by Viking to $175 million. The closing of this offering is expected to occur on October 20, 2005.

Viking Energy Royalty Trust is an open-ended investment trust that generates income from long life oil and natural gas producing properties in Alberta and Saskatchewan. The beneficiaries of Viking are the holders of its Trust Units who receive monthly distributions of the cash flow from the income generated. Viking currently has 173,158,032 Units outstanding which trade on the Toronto Stock Exchange (the "TSX") under the symbol "VKR.UN". Also listed on the TSX are $72.5 million of principal amount of Viking's 10.5% convertible unsecured subordinated debentures which trade under the symbol "VKR.DB". Currently, Viking estimates the foreign ownership of its Trust Units to be approximately 25%.

Contact Information

  • Viking Energy Royalty Trust
    John Zahary
    President and CEO
    (403) 268-3175 or Toll Free: 1-877-292-2527
    or
    Viking Energy Royalty Trust
    Robert Fotheringham
    VP Finance and CFO
    (403) 268-3175 or Toll Free: 1-877-292-2527
    or
    Viking Energy Royalty Trust
    Diane Phillips
    Investor Relations
    (403) 268-3175 or Toll Free: 1-877-292-2527
    or
    Viking Energy Royalty Trust
    Suite 400, 330-5th Avenue S.W.
    Calgary, Alberta T2P 0L4
    Email: vikingin@viking-roy.com
    Website: www.vikingenergy.com