CALGARY, July 4 /PRNewswire-FirstCall/ -- FET Resources Ltd. and Focus Energy Trust announce the increase to the exchange ratio of the exchangeable shares of FET Resources Ltd. from 1.41974 to 1.42790. Such increase will be effective on July 17, 2006.
The following are the details on the calculation of the exchange ratio:
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10 day
Weighted
Average
Record Trading Effective
Date Focus Price Date
of Focus Energy of FET.UN of the Exchange
Energy Trust (Prior to Increase Increase Ratio
Trust Opening Distrib- the end in in as of
Distrib- Exchange ution of the Exchange Exchange Effective
ution Ratio per Unit Month) Ratio(xx) Ratio Date
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June 30, 1.41974 $0.19 $23.2800 0.00816 July 17, 1.42790
2006 2006
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(xx) The increase in the exchange ratio is calculated by dividing the
Focus Energy Trust distribution per unit by the 10 day weighted
average trading price of FET.UN.
A holder of FET Resources Ltd. exchangeable shares can exchange all or a portion of their holdings at any time by giving notice to their investment advisor or Valiant Trust Company at its principal transfer office in Suite 310, 606 - 4th Street S.W., Calgary, Alberta, T2P 1T1. Their telephone number is (403) 233-2801.