Important Links

News Releases

Press Release Navigation
<<< Previous Headlines Next >>>
Harvest Energy Trust Obtains Receipt for Final Prospectus

Oct 8, 2003 - 13:40 ET

CALGARY, ALBERTA-- 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR 
DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH 
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES 
LAW. 

(TSX: HTE.UN) - Harvest Energy Trust (the "Trust" or "Harvest") 
announced that the Alberta Securities Commission, on behalf of 
securities regulators in Alberta, British Columbia, Saskatchewan, 
Manitoba, Ontario, Quebec, Nova Scotia, New Brunswick, Prince 
Edward Island and Newfoundland and Labrador has today issued a 
receipt for a Final Prospectus filed by Harvest. 

The Final Prospectus qualifies for distribution 3,750,000 Trust 
Units of the Trust at a price of $12.00 per Trust Unit, for gross 
proceeds of $45 million.  The Trust has granted to the 
Underwriters an over-allotment option to purchase up to 562,500 
additional trust units at the offering price, exercisable, in 
whole or in part, for a period of 30 days following the date of 
closing of the offering.  If the over-allotment option is 
exercised in full, the total gross proceeds will be $51.75 
million.  This offering is expected to close on or about October 
16th, 2003. 

The net proceeds from the issue of Harvest trust units under the 
offering will be used to partially fund the acquisition of the 
Carlyle properties in South Eastern Saskatchewan, as described in 
the October 1st, 2003 press release.   

This news release does not constitute an offer to sell or 
solicitation of an offer to buy any securities of Harvest in any 
jurisdiction nor shall there be any sale of securities in a 
jurisdiction in which such offer, solicitation or sale would be 
unlawful prior to the qualification or registration under 
applicable securities laws.  An offering may only be made in 
Canada by means of a prospectus. 

ADVISORY: Certain information regarding Harvest Energy Trust and 
Harvest Operations Corp. including management's assessment of 
future plans and operations, may constitute forward-looking 
statements under applicable securities law and necessarily 
involve risks associated with oil and gas exploration, 
production, marketing and transportation such as loss of market, 
volatility of prices, currency fluctuations, imprecision of 
reserve estimates, environmental risks, competition from other 
producers and ability to access sufficient capital from internal 
and external sources; as a consequence, actual results may differ 
materially from those anticipated in the forward-looking 
statements. 

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:

Harvest Energy Trust
Jacob Roorda
President
(403) 265-1178
(403) 265-3490 (FAX)

or

Harvest Energy Trust
David M. Fisher
Vice President, Finance
(403) 265-1178
(403) 265-3490 (FAX)
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca