Canadian Oil Sands Limited confirmed the completion of the previously announced reorganization of Canadian Oil Sands Trust into a corporation. Pursuant to the Conversion, all outstanding units of the Trust were exchanged for common shares of the Corporation on a one-for-one basis. The publicly traded corporate entity will operate under the name "Canadian Oil Sands Limited".

Canadian Oil Sands' common shares are expected to commence trading on the Toronto Stock Exchange (TSX) within the next three or four business days under the symbol "COS". The units of the Trust will be delisted concurrent with the commencement of trading of the Corporation's common shares on the TSX.

The reorganization is not expected to trigger adverse Canadian tax consequences for Canadian Oil Sands or our unitholders.

Tags: Canadian Oil Sands Trust