Penn West files $1.5 billion short-form prospectus

By Devika Patel

Knoxville, Tenn., May 30 - Penn West Energy Trust filed a $1.5 billion short-form prospectus in an F-10 filing with the Securities and Exchange Commission.

The registration covers units, subscription receipts, warrants, rights and options.

The securities may be convertible.

Proceeds will be used for general trust purposes, debt repayment and/or the direct or indirect financing of future growth opportunities, including acquisitions and capital expenditures.

Penn West is an oil and natural gas energy trust based in Calgary, Alta.

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