CALGARY, Nov. 1 /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 1.44878 to 1.45557. Such increase will be effective on November 15, 2006.
The following are the details on the calculation of the exchange ratio:
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10 day
Weighted
Average
Trading Effective
Focus Price of Date of
Energy FET.UN Increase the Exchange
Record Date Trust (Prior to in Increase Ratio as
of Focus Opening Distrib- the end Exchange in of
Energy Trust Exchange ution of the Ratio Exchange Effective
Distribution Ratio per Unit Month) (xx) Ratio Date
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October 31, 1.44878 $0.16 $23.5723 0.00679 November 1.45557
2006 15, 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.
