Vermilion Energy Trust has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters 7,282,000 trust units at
The syndicate of underwriters will be co-led by TD Securities Inc. and CIBC, and will include BMO Capital Markets, RBC Capital Markets, Scotia Capital Inc., National Bank Financial Inc., FirstEnergy Capital Corp., Canaccord Capital Corporation, Peters & Co. Limited, Macquarie Capital Markets Canada Ltd., Genuity Capital Markets and Raymond James Ltd. (collectively, the "Underwriters"). The trust units will be offered by way of short form prospectus in all of the provinces of Canada and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements under the United States Securities Act of 1933. The Offering is expected to close on or about October 30, 2009, subject to obtaining required regulatory approvals.
The net proceeds of the Offering will initially be used to reduce outstanding indebtedness and will subsequently be used for general purposes
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