Oil & Gas Job Listings
Essential Energy Services Trust - An application has been granted for the original listing in the Industrial category of 28,535,158 trust units of which 25,941,053 trust units will be issued and outstanding, and 2,594,105 trust units are reserved for issuance.
The trust units will commence trading at the opening of business on Monday, May 29, 2006 on a "when issued" basis under the trading information set out below.
The trust units will be distributed on or about Wednesday, May 31, 2006 to Avenir unitholders of record as at 12:01 a.m. on Wednesday, May 31, 2006, pursuant to the completion of the plan of arrangement (the "Arrangement") involving, among others, Avenir Diversified Income Trust ("Avenir") and Essential Energy Services Trust (the "Trust") as described in the Information Circular and Proxy Statement dated April 12, 2006. See TSX Bulletin No. 2006-0634, dated May 24, 2006, for details of Avenir's distribution.
Stock Symbol: "ESN.UN"
CUSIP: 296693 10 4
Designated Market Maker: Dundee Securities Corporation
Other Markets: None
Head Office Address:
Suite 950, 330 - 5th Avenue SW
Calgary, AB
T2P 0L4
Email: service@essentialenergy.ca
Head Office Telephone Number: (403) 263-6778
Fax Number: (403) 263-6737
Investor Relations:
James Burns
President & Chief Executive Officer
(403) 781-1968
jburns@essentialenergy.ca
Chief Financial Officer: Duncan Au
Corporate Secretary: J.G. (Jeff) Lawson
Incorporation: The Trust is an unincorporated, open-ended, limited purpose investment trust established by a trust indenture dated April 4, 2006, among Olympia Trust Company, as trustee, Essential Energy Services Operating Corp. and Gary H. Dundas, as settlor, and governed by the laws of the Province of Alberta. The manager of the Trust, Essential Energy Services Operating Corp., was incorporated pursuant to the Business Corporations Act (Alberta) on April 4, 2006.
Fiscal Year End: December 31
Nature of Business: Following the Arrangement, the Trust will fund the acquisition, development, exploitation and disposition of opportunities in the energy services, utility and construction industries in North America, including steaming, vacuum truck, hydro-vac services and coil-tubing services.
Transfer Agent & Registrar: Olympia Trust Company at its principal office located in Calgary and Equity Transfer Services Inc. at its office in Toronto.
Distributions: The trustee may declare payable to unitholders all or any part of the net income of the Trust earned from any income or dividends, less all expenses and liabilities of the Trust due and accrued and which are chargeable to the net income of the Trust. In addition, unitholders may, at the discretion of the trustee, receive distributions in respect of repayments of principal by any of the operating subsidiaries of the Trust to the Trust on any outstanding debt. It is anticipated, however, that the Trust will reinvest a portion of any repayments of principal to make capital expenditures to develop the business of the Trust with a view to enhancing the Trust's cash flow from operations.
