Petrobank Energy to redeem 9-per-cent notes
Petrobank Energy & Resources Ltd (TSX:PBG)
Shares Issued 63,148,096
Last Close 10/27/2005 $8.08
Thursday October 27 2005 - Miscellaneous
TSX bulletin 2005-1211
The company will redeem, on a pro rata basis, on Nov. 4, 2005, from all holders, $18,880,800 principal amount or approximately 27.4 per cent of its issued and outstanding 9-per-cent unsecured, subordinated notes, due July 31, 2006, at $50.4315 cash per $50 principal amount of notes, comprising $50 principal and 43.15 cents accrued and unpaid interest to the redemption date.
If, as a result of any pro rata redemption, one or more of the notes is redeemed in part only, the holder of any such note, upon surrender of it shall receive cash representing the principal amount of such portion of the surrendered note together with interest accrued thereon to the redemption date.
To receive payment to which they are entitled and, if applicable, a certificate representing notes not being redeemed, holders must surrender the certificate(s) representing their notes with Computershare Trust Co. of Canada in Calgary. If notes called for redemption are not properly surrendered within 30 days of the redemption date, the redemption proceeds appertaining to such notes will be set aside in trust by the trustee for and on behalf of those noteholders and the setting aside of such redemption proceeds for all purposes shall constitute payment in accordance with the indenture governing the notes.
The notes not being redeemed will continue trading on the Toronto Stock Exchange on a postredemption basis at the open on Wednesday, Nov. 2, 2005, under the symbol PBG.NT.A and the current Cusip No. 71645P AA 4.
© 2005 Canjex Publishing Ltd. |
