Crius Energy Trust announced that it has completed its previously announced public offering of 6,785,000 units at a price of C$6.80 per Unit, which includes 885,000 Units issued pursuant to the exercise in full of the over-allotment option, for total gross proceeds of C$46.1 million.

The Offering was undertaken by a syndicate of underwriters co-led by Cormark Securities Inc., Scotiabank and RBC Capital Markets, and including Desjardins Capital Markets and Mackie Research Capital Corporation.

The net proceeds of the Offering after transaction costs are being used by the Trust primarily to make an indirect investment (US$28.8 million) in additional membership units ("LLC Units") of Crius Energy, LLC (the "Company") from certain existing holders of LLC Units (the "LLC Units Acquisition"). After giving effect to the completion of the LLC Acquisition, the Trust will hold a 43.1% indirect ownership interest in the Company, representing a 16.3% increase. The remaining net proceeds of the Offering (approximately US$5.3 million) will be used for general corporate purposes.

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