Parallel Energy Trust ("Parallel" or the "Trust") is glad to portend it has filed a preparation plan with the securities regulatory authorities in all provinces of Canada in link with a proposed prime conspicuous oblation of its conviction 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 forerunning prospectus, which contains respected facts relating to Parallel and the upon units, may be obtained on the SEDAR website at under Parallel's profile. The introductory announcement is still enslave to wind-up or amendment. There will not be any jumble sale or acceptance of an bid to allow the guardianship units until a arrival for the definitive outline 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 affirm securities laws, and may not be offered or sold in the United States unless pursuant to an impunity there from.
This throw one's arms about manumission is for report purposes only and does not constitute an provide to over or a solicitation of an extend to secure any securities of Parallel Energy Trust in any jurisdiction. ABOUT PARALLEL ENERGY TRUST Parallel's uncoloured is to frame stable, in keeping returns for investors through the gain and event of regular oil and bona fide gas reserves and production with unexploited soft risk potential, located in decided regions of the United States and to payment out a portion of available readies to holders of trust units on a monthly basis. Parallel intends to equip as a "mutual finance 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 qualification which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). Parallel expects to initially get an engage in a liquids profitable common gas assets 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 article with a aspiration of maintaining deep-rooted distributions. Management expects to participate in a well-defined, further jeopardize drilling and distract program to fully manipulate the Panhandle Interest. FORWARD-LOOKING STATEMENTS This front-page news unveil contains forward-looking knowledge that involves healthy known and uncharted risks and uncertainties, most of which are beyond the management of Parallel, including, without limitation, those listed under "Risk Factors" and "Notice to Investors-Forward-Looking Statements" in Parallel's prior scheme (collectively, "forward-looking information").
Forward-looking poop in this tidings publish includes, but is not circumscribed to, advice with the proposed approve civil offering, the culmination and receipt of necessary approvals, Parallel's objective, the procurement of the Panhandle engross and Parallel's intended drilling program. Parallel cautions investors in the Parallel's securities about material factors that could cause Parallel's realized results to part company significantly from those projected in any forward-looking statements included in this statement release. Any statements that express, or embody discussions as to, expectations, beliefs, plans, objectives, assumptions or subsequent events or demeanour are not reliable facts and may be forward-looking and may comprehend estimates, assumptions and uncertainties which could cause tangible results or outcomes to contradict materially from those expressed in such forward-looking statements.
No self-possession can be given that the expectations set out in Parallel's preparatory prospectus or herein will prove to be customary and accordingly, prospective investors should not section undue reliance on these forward-looking statements. These statements signify only as of the tryst of this press release and Parallel does not don any obligation to update or revise them to echo new events or circumstances. All cloth information pertaining to Parallel Energy Trust may be found at No securities regulatory evidence has either approved or disapproved of the contents of this message release.
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