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NEWS RELEASE
FOR IMMEDIATE RELEASE
Eagle’s Unitholders Approve Arrangement
and New Long-Term Incentive Plan
Calgary, Alberta – January 25, 2016 (TSX: EGL.UN): Eagle Energy Trust (“Eagle” or the “Trust”) is
pleased to announce that, at the special meeting of the unitholders of the Trust held today, the unitholders
have approved the plan of arrangement involving the acquisition of Maple Leaf Royalties Corp. (“Maple
Leaf”) and conversion into a corporation called “Eagle Energy Inc.” (the “Arrangement”).
In addition, the unitholders of Eagle and the shareholders of Maple Leaf approved the adoption by Eagle
Energy Inc. of a new long-term equity compensation incentive plan for its directors, officers, employees and
consultants.
A detailed description of the Arrangement and the new long-term incentive plan is contained in the joint
management information circular of Eagle and Maple Leaf prepared and delivered to securityholders of
Eagle and Maple Leaf in connection with the Arrangement.
Accordingly, Eagle and Maple Leaf will proceed with completing the Arrangement, which is expected to be
completed on January 27, 2016 subject to receipt of final approval of the Arrangement from the Court of
Queen’s Bench of Alberta and the Toronto Stock Exchange.
The detailed results of the votes on the Arrangement by the Trust’s unitholders and on the new Eagle
Incentive Plan by the Trust’s unitholders and Maple Leaf’s shareholders on a combined basis are as follows:
Votes For Votes Against
Number Percentage Number Percentage
Arrangement 9,994,480 97.56% 250,090 2.44%
New Eagle Long-Term
Incentive Plan
7,061,585 58.75% 4,958,015 41.25%
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