CALGARY, Feb. 2, 2016 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) today announced that the Toronto Stock Exchange (the "TSX") is reviewing the eligibility for continued listing on the TSX of the securities of Argent, including the trust units of the Trust (AET.UN), the 6.00% convertible unsecured subordinated debentures due June 30, 2018 of the Trust (AET.DB) and the 6.50% convertible unsecured subordinated debentures due December 30, 2018 of the Trust (AET.DB.A). The TSX has initiated the delisting review as a result of, among other matters, the market capitalization of Argent falling below the levels required under the TSX Company Manual.
Argent has been granted 30 days in which to regain compliance with the TSX's requirements for continued listing. Argent can provide no assurance that it will be able to regain compliance with the TSX's continued listing requirements within the 30-day period.
About Argent Energy Trust
Argent is a mutual fund trust under the Income Tax Act (Canada). Argent's objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States. Material information pertaining to Argent Energy Trust may be found on www.sedar.com or www.argentenergytrust.com.
SOURCE Argent Energy Trust
For further information: Sean Bovingdon, President & Chief Financial Officer, Argent Energy Trust, (403) 770-4809; Steve Hicks, Chief Operating Officer, Argent Energy Trust, (281) 847-1888