CALGARY, ALBERTA--(Marketwire - May 15, 2009) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) confirms that the monthly cash distribution for the month of May in the amount of Cdn. $0.18 per trust unit will be paid on June 15, 2009 to unitholders of record on May 31, 2009. The ex-distribution date is May 27, 2009.
Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 20.070 million trust units (ZAR.UN) and 1.849 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the May 15, 2009 revised exchange ratio there would be a total of 22.884 million trust units outstanding.
In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.
FOR FURTHER INFORMATION PLEASE CONTACT:
Zargon Energy Trust
President and Chief Executive Officer
Executive Vice President and Chief Financial Officer