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Acclaim Energy Trust and Elk Point Resources Inc. announce completion of plan of arrangement.

Publication: PR Newswire
Publication Date: 29-JAN-03
Format: Online - approximately 606 words
Delivery: Immediate Online Access

Article Excerpt
CALGARY -- CALGARY, Jan. 28 /PRNewswire/ -- Acclaim Energy Trust ("Acclaim") (TSX:AE.UN) and Elk Point Resources Inc. ("Elk Point") (TSX: ELK) today announced the completion of the acquisition of Elk Point by Acclaim pursuant to a court approved plan of arrangement. The arrangement was overwhelmingly approved by Elk Point securityholders at the special meeting held earlier today. The final order of the Court of Queen's Bench of Alberta was also granted earlier today.

Pursuant to the arrangement, Acclaim issued approximately 26.3 million trust units and $10.9 million in...

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