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T. Boone Pickens Energy Fund announces exchange ratios
T. Boone Pickens Energy Fund announces exchange ratios
About this update from Trican Well Service Ltd.
[{"type":"text","content":"\n\n\n\nDec. 10, 2009 (Canada NewsWire Group) -- TORONTO, Dec. 10 /CNW/ -- T. Boone Pickens Energy Fund (the \"Fund\") is pleased to announce the exchange ratios for the Fund's exchange option (the \"Exchange Option\") with respect to its initial public offering.Under the Exchange Option, prospective purchasers had the opportunity to exchange freely-tradeable listed securities (\"Exchange Eligible Securities\") of certain energy-related issuers, including exchange-traded funds, listed on the Toronto Stock Exchange for Class A Combined Units or Class F Combined Units of the Fund (each Combined Unit of a class consisting of one Unit of the class and one Warrant for one Unit of the class).Under the Exchange Option, the number of Combined Units of a class issuable for each Exchange Eligible Security deposited by a prospective purchaser was determined by dividing the weighted average trading price of the Exchange Eligible Security on the Toronto Stock Exchange during the five consecutive trading days ending on December 8, 2009, as adjusted to reflect dividends declared or distributions pending which will not be received by the Fund (such adjusted trading price being the \"Exchange Price\") by $10.00, being the issue price per Combined Unit of the class.The following table sets out the Exchange Prices and exchange ratios (which represent the number of Combined Units of each class to be received by a prospective purchaser for each Exchange Eligible Security deposited) in respect of the Exchange Eligible Securities.Exchange Class A and Class FPrice Exchange Ratio---------- --------------------Advantage Oil & Gas Ltd. $6.05 0.6051ARC Energy Trust $19.58 1.9578Baytex Energy Trust $28.07 2.8069Birchcliff Energy Ltd. $7.37 0.7366Bonavista Energy Trust $20.26 2.0261Canadian Natural Resources Limited $69.51 6.9508Canadian Oil Sands Trust $29.70 2.9704Claymore Natural Gas Commodity ETF $5.01 0.5006Claymore Oil Sands Sector ETF $16.52 1.6523Crescent Point Energy Corp. $38.97 3.8972Crew Energy Inc. $11.98 1.1976Daylight Resources Trust $9.04 0.9043EnCana Corporation $29.19 2.9186Enerflex Systems Income Fund $13.68 1.3677Enerplus Resources Fund $24.01 2.4011Ensign Energy Services Inc. $14.10 1.4097Freehold Royalty Trust $15.08 1.5083Harvest Energy Trust-Units $9.92 0.9920Husky Energy Inc. $27.48 2.7485Imperial Oil Limited $39.61 3.9613iShares CDN...