ZARGON ENERGY TRUST
TSX : ZAR.UN

ZARGON ENERGY TRUST
Zargon Oil & Gas Ltd.
TSX : ZOG.B

Zargon Oil & Gas Ltd.

January 06, 2011 19:31 ET

Zargon Oil & Gas Ltd. Announces the Listing of Common Shares and the Delisting of Trust Units and Exchangeable Shares

CALGARY, ALBERTA--(Marketwire - Jan. 6, 2011) - Further to the press release dated January 4, 2011 announcing our conversion from an income trust to a dividend-paying corporation, Zargon Oil & Gas Ltd. ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) announces that the common shares of Zargon will begin trading on the Toronto Stock Exchange ("TSX") on January 7, 2011, under the trading symbol "ZAR". The trust units ("ZAR.UN") and exchangeable shares ("ZOG.B"), both currently trading on the TSX, will be delisted that same day.

In accordance with the terms of the plan of arrangement, unitholders received, for each trust unit held, one common share of Zargon. Exchangeable shareholders received 1.84716 common shares of Zargon. As a result, Zargon now has approximately 27.0 million common shares issued and outstanding. 

Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins with a long history of earnings and distributions. Zargon's smaller size and technical focus provides a unique opportunity to deliver profitable oil exploitation results from smaller projects that may be overlooked by larger competitors.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Oil & Gas Ltd.
    C.H. Hansen
    President and Chief Executive Officer
    403-264-9992
    or
    Zargon Oil & Gas Ltd.
    J.B. Dranchuk
    Vice President, Finance and Chief Financial Officer
    403-264-9992
    zargon@zargon.ca
    www.zargon.ca