Edenbrook Hill Capital Ltd. Comments on the Proposed Restructuring of Skeena Capital Trust

    TORONTO, Oct. 16 /CNW/ - On October 16th, 2007, the Pan Canadian
Investors Committee announced a restructuring of Skeena Capital Trust
("Skeena"). Edenbrook Hill Capital Ltd. ("Edenbrook") is a Co-Financial
Arranger to Skeena. Dundee Securities Corporation is also a Co-Financial
Arranger and the Administrative Agent of Skeena.
    Edenbrook has been deeply concerned about protecting the interests of
Skeena's investors and is pleased to participate in the restructuring process.
Edenbrook would like to thank the Pan Canadian Investors Committee, the bank
counterparties which provided assets to Skeena and investors in Skeena for
working towards a proposed solution that Edenbrook believes will help protect
the interests of Skeena's investors.
    Mr. Mark Adams, President of Edenbrook said, "We believe the transactions
in Skeena were fundamentally sound from both credit and structuring
perspectives. We also believe that the quality of the underlying transactions
and structuring, along with the efforts of the Pan Canadian Investors
Committee, our bank counterparties and our investors, have allowed the
presentation of a proposal that should maximize the value for investors in
Skeena Capital Trust."
    The proposed restructuring is subject to the execution of definitive
documentation, due diligence and certain conditions including the final
placement and rating of the new notes that will be issued by a new trust that
will be established as part of the proposed restructuring and is expected to
be completed by, or shortly after, the end of October 2007. Investors in
Skeena will be sent further information regarding the terms of the proposed
restructuring within the next several days, including the timing and manner of
payment for their existing notes.

For further information:

For further information: Mark Adams or Rebecca Adams, Edenbrook Hill
Capital Ltd., (416) 815-8100, ext. 222 or ext. 223

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