Corridor to Redeem Convertible Notes.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
A condition in which the fetal diaphragm—the muscle dividing the chest and abdominal cavity—does not close completely. Mentioned in: Prenatal Surgery ) announced today that it will redeem all of its $3 million 10% Convertible Unsecured Subordinated Notes (the "Notes") on October 21, 2005 (the "Redemption Date") unless such Notes are converted into common shares by the holders of such Notes prior to the Redemption Date. The principal amount of the Notes is convertible into common shares of Corridor at a conversion price of $1.60 per common share. The Notes were issued on October 8, 2002 to finance Corridor's 50% interest in the gathering lines and processing plant necessary to enable the sale of natural gas from the McCully field to the potash mill owned by Potash Corporation of Saskatchewan The Potash Corporation of Saskatchewan, today generally referred to as PotashCorp, is a Canadian corporation based in Saskatoon, Saskatchewan that is the world's largest producer of potash. The company was created by the government of Saskatchewan in 1975. Inc. near Sussex, New Brunswick Sussex (2006 population: 4,241) is a Canadian town in Kings County, New Brunswick. Sussex straddles the Kennebecasis River, 70 km northeast of Saint John. History . The Notes mature on October 15, 2007 unless earlier redeemed or converted and are redeemable in whole or in part at par, together with accrued and unpaid interest thereon, at any time after October 15, 2005. A notice of redemption has been sent today to the registered holders of the Notes advising of the Redemption Date. Holders of the Notes will receive their semi-annual interest payment when due on October 15, 2005. As described in the notice of redemption, holders of the Notes who wish to convert the principal amount of their Notes into common shares and also receive their semi-annual interest payment will be required to send a notice of conversion, together with their Notes, to Corridor after the interest payment date on October 15 and prior to the Redemption Date. Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St. and Quebec, and offshore in the Gulf of St. Lawrence Noun 1. Gulf of St. Lawrence - an arm of the northwest Atlantic Ocean off the southeastern coast of Canada Gulf of Saint Lawrence Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . "Statements in this Press Release may constitute forward-looking statements. Such forward-looking statements include risks, uncertainties and other factors which may cause actual results, performance or achievements of Corridor to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Corridor does not undertake to update any of such forward-looking statements." The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the information contained herein. Corridor Resources Inc. (TSX VENTURE:CDH) |
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