In April 2000, Enerplus Resources Fund, the original royalty trust of the Enerplus group, who pioneered oil and gas royalty trust funds in Canada, entered into a merger agreement with Westrock Energy Income Fund I and Westrock Energy Income Fund II, which are also managed by the Enerplus Group, to create the fourth largest conventional oil and gas trust in Canada with a market capitalization of approximately $250 million. The merger is subject to approval of the respective unit holders of Enerplus, Westrock I and Westrock II at meetings to be held in June 2000.
Counsel for Enerplus was Blake, Cassels & Graydon LLP, led by Brock Gibson and Chad Schneider on securities and trust matters and Wally Shaw on tax matters. The merger was recommended by special committees of Enerplus, Westrock I and Westrock II, who were represented by Allan Twa of Burnet, Duckworth & Palmer. The trustee for each of the Funds, CIBC Mellon Trust Company, was represented by Kent Kufeldt of Macleod Dixon.
Counsel for Enerplus was Blake, Cassels & Graydon LLP, led by Brock Gibson and Chad Schneider on securities and trust matters and Wally Shaw on tax matters. The merger was recommended by special committees of Enerplus, Westrock I and Westrock II, who were represented by Allan Twa of Burnet, Duckworth & Palmer. The trustee for each of the Funds, CIBC Mellon Trust Company, was represented by Kent Kufeldt of Macleod Dixon.
