Paramount Energy Trust Completes Financing

On April 26, 2005, Paramount Energy Trust, a natural gas focused Canadian energy trust, completed a $260 million financing consisting of a public offering of 9,500,000 subscription receipts and $100 million principal amount of 6.25 per cent convertible extendible unsecured subordinated debentures. Each subscription receipt represents the right to receive one Paramount Energy trust unit upon the completion of the acquisition by the trust of certain natural gas properties and related assets in northeast Alberta.
The offering was underwritten by an underwriting syndicate co-led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. and included Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., FirstEnergy Capital Corp., First Associates Investments Inc., GMP Securities Ltd., Raymond James Ltd. and Peters & Co. Ltd.

Paramount Energy Trust was represented by Burnet, Duckworth & Palmer LLP with a team that included Jay Reid, James Kidd, Carla Tait and David Ross (tax).

The underwriting syndicate was represented by Stikeman Elliott LLP with a team that included Leland Corbett, Linda Garratt and David Weekes (tax).


Jay P. Reid Linda J. Garratt Leland P. Corbett David G. Weekes Carla J. Tait James L. Kidd David W. Ross


Burnet, Duckworth & Palmer LLP Stikeman Elliott LLP