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PEYTO ENERGY TRUST ANNOUNCES UNITHOLDER AND COURT APPROVALS OF PLAN OF ARRANGEMENT
PEYTO ENERGY TRUST ANNOUNCES UNITHOLDER AND COURT APPROVALS OF PLAN OF ARRANGEMENT
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\n Dec. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Dec. 8 /CNW/ - Peyto Energy Trust ("Peyto" or the "Trust") is pleased to announce that it received today unitholder and court\n approvals for its previously announced plan of arrangement pursuant to\n which the Trust will convert (the "Reorganization") into an exploration and development company that will operate under\n the name "Peyto Exploration & Development Corp.".  Unitholders voted in\n excess of 99.8% in favour of the Reorganization.  The Reorganization is\n expected to become effective on December 31, 2010.\n\n\nPeyto is a 30,000 boe/d, natural gas weighted producer that is committed\n to building value through the exploration and development of high\n quality natural gas properties. Peyto is known for leading the industry\n with its low cost structure. The new Peyto Exploration & Development\n Corp. will be focused on delivering a superior total return to\n investors by combining growth per share with dividend income.\n\n\nForward Looking Statements:  Certain information set forth in this news release, including the\n expected completion of the Reorganization and timing thereof may\n contain forward-looking statements, and necessarily involve risks and\n uncertainties, certain of which are beyond the Trust's control,\n including risks associated with the timing and completion of the\n Reorganization.  Actual results, performance or achi...