ABACAN - CORPORATE UPDATE.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--APRIL 3, 1995--ABACAN RESOURCE CORPOR (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) Abacan announces that it intends to accept an additional subscription for $1,250,000 (U.S.) ($1,750,000 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) pursuant to the issuance by Abacan of an additional Debenture/Royalty. The repayment and conversion terms of the Debenture/Royalty are substantially the same as the terms of the Debenture/Royalty previously issued and announced by the Corporation. The inclusion of the proceeds from this Debenture/Royalty increases the final aggregate amount of the Corporation's financing through Midland Walwyn Capital Inc., as lead agent to $20,984,500. THE ALBERTA STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. CONTACT: Wade G. Cherwayko or Ms. Lon Boshouwers 403/262-1220 |
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