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Home > About Zargon > The Trust Structure

The Trust Structure

The following diagram describes the inter-corporate relationships between the Trust and its material subsidiaries and partnership.

The Trust Structure
Notes:

  1. The Unitholders own 100% of the Trust's equity.  There were 23,096,509 Trust Units outstanding as at December 31, 2009.
  2. Zargon Oil & Gas Ltd. had a total of 1,783,696 Exchangeable Shares issued and outstanding as at December 31, 2009, which were exchangeable for 2,920,071 Trust Units.
  3. Cash distributions are made on a monthly basis to Unitholders based upon our funds flow from operations. Our primary sources of cash flow are payments from Zargon Oil & Gas Ltd. persuant to the NPI and interest on the principal amount of the Notes and other intercorporate notes. In addition to such amounts, prepayments in respect of principal on the Notes and other intercorporate notes may be made from time to time by Zargon Oil & Gas Ltd. before the maturity of such notes.

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