11:50 AM EST - Bonnett's Energy Services Trust : announced its intention to convert to a growth oriented corporation pursuant to a Plan of Arrangement under the Business Corporations Act (Alberta.) The Board of directors of Bonnett's Energy Services Ltd., administrator of the Trust, has approved the Conversion and will seek the approval of unitholders at the annual and special meeting of unitholders on June 27, 2011. Bonnett's Energy Services Trust
shares T.BT.UN are trading up $0.08 at $3.70.