In connection with the acquisition of Peerless Energy Inc. (“Peerless”) by Petrobank Energy and Resources Ltd. (“Petrobank”), effective January 28, 2008, please note the following information with respect to the timing of receipt of Petrobank common share and cash entitlements by Peerless class A and class B shareholders.
With respect to Peerless class A or class B shares held by a brokerage or investment firm, all brokerage or investment firms are expected to receive the applicable amount of Petrobank common share and cash entitlements in connection with the tender of Peerless class A and/or class B shares on or about February 6, 2008 (the “Payable Date”). Subsequently, brokerage and investment firms will deposit the appropriate amount of Petrobank common share and cash entitlements directly into the applicable client accounts. Should you require further information regarding the timing of the deposit of entitlements into brokerage or investment client accounts, please contact your broker or investment dealer directly, after the Payable Date.
With respect to Peerless class A or class B shares not held in a brokerage or investment account, please contact Olympia Trust Company, the registrar and transfer agent for the former Peerless, at (403) 261-0900 or via e-mail (corporateactions@olympiatrust.com). Olympia can assist you in determining the timing of receipt of Petrobank common share and cash entitlements in connection with Peerless class A or class B shares held.