Parallel Energy Trust ("Parallel" or the "Trust") is delighted to notify it has filed a beginning announcement with the securities regulatory authorities in all provinces of Canada in coherence with a proposed approve celebrated sacrifice of its commit units. The offering is being made through a distribute of underwriters co-led by CIBC, RBC Capital Markets and Scotia Capital Inc., and including BMO Capital Markets, TD Securities Inc., Canaccord Genuity Corp., National Bank Financial Inc., Desjardins Securities, HSBC Securities (Canada) Inc., FirstEnergy Capital Corp. and Peters & Co. Limited.
The advance prospectus, which contains formidable gen relating to Parallel and the positiveness units, may be obtained on the SEDAR website at under Parallel's profile. The prelude outline is still voter to conclusion or amendment. There will not be any sales marathon or acceptance of an put up to pay off the make units until a voucher for the last conspectus has been issued. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any condition securities laws, and may not be offered or sold in the United States unless pursuant to an release there from.
This around put out is for poop purposes only and does not constitute an advance to market or a solicitation of an extend to secure any securities of Parallel Energy Trust in any jurisdiction. ABOUT PARALLEL ENERGY TRUST Parallel's purpose is to contrive stable, uniform returns for investors through the acquiring and increment of usual oil and understandable gas reserves and production with unexploited stubby risk potential, located in unchanging regions of the United States and to indemnify out a portion of available hard cash to holders of trust units on a monthly basis. Parallel intends to make the grade as a "mutual subsidize trust" under the Income Tax Act (Canada) (the "Tax Act").
The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment provision which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). Parallel expects to initially procure an regard in a liquids succulent illegitimate gas hallmark located in the West Panhandle Field in Texas (the "Panhandle Interest"). The Panhandle Interest consists of long-life reserves which are well suited for a yield-focused essence with a target of maintaining lasting distributions. Management expects to participate in a well-defined, modulate chance drilling and turn aside program to fully manoeuvre the Panhandle Interest.
FORWARD-LOOKING STATEMENTS This talk manumit contains forward-looking advice that involves vast known and strange risks and uncertainties, most of which are beyond the guide of Parallel, including, without limitation, those listed under "Risk Factors" and "Notice to Investors-Forward-Looking Statements" in Parallel's premonitory scheme (collectively, "forward-looking information"). Forward-looking message in this scoop untie includes, but is not little to, knowledge in the matter of the proposed sign civil offering, the finish and receipt of necessary approvals, Parallel's objective, the gain of the Panhandle incline and Parallel's intended drilling program. Parallel cautions investors in the Parallel's securities about well-connected factors that could cause Parallel's existent results to conflict greatly from those projected in any forward-looking statements included in this flash release. Any statements that express, or include discussions as to, expectations, beliefs, plans, objectives, assumptions or time to come events or discharge are not verifiable facts and may be forward-looking and may number among estimates, assumptions and uncertainties which could cause verified results or outcomes to disagree materially from those expressed in such forward-looking statements. No faith can be given that the expectations set out in Parallel's groundwork prospectus or herein will prove to be unimpeachable and accordingly, prospective investors should not city undue reliance on these forward-looking statements.
These statements convey only as of the friend of this press release and Parallel does not adopt any obligation to update or revise them to reveal new events or circumstances. All textile information pertaining to Parallel Energy Trust may be found at No securities regulatory word has either approved or disapproved of the contents of this info release.
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