Denbury Resources Announces Exchange Offer for Previously Issued $75 Million Notes.Business Editors DALLAS--(BUSINESS WIRE)--Nov. 1, 2001 Denbury Resources Inc. (NYSE NYSE See: New York Stock Exchange :DNR See dynamic noise reduction and domain name resolver. )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DNR.) ("Denbury" or the "Company") announced that it is commencing an offer today to exchange $75,000,000 of its 9% Series B Senior Subordinated Notes Due 2008, which were privately placed in August 2001, for a like principal amount of 9% Series B Senior Subordinated Notes Due 2008 that have been registered under the Securities Act of 1933. The terms of the new registered notes are substantially identical to the terms of the outstanding $75,000,000 of notes. The offering will expire at 5:00 pm New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time on December 3, 2001, unless otherwise extended by the Company. The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. will serve as exchange agent for the exchange offer. The offering is not conditioned upon any minimum principal amount of notes being tendered for exchange. The exchange offer will be made by means of a prospectus. The foregoing shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Denbury Resources Inc. is a growing independent oil and natural gas company engaged in acquisition, development and exploration activities in the U.S. Gulf Coast region. The Company holds significant reserves and production in Mississippi, where it is the largest producer of oil and natural gas, onshore in Louisiana and in the offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . The Company increases the value of acquired properties in its core areas through a combination of exploitation drilling and proven engineering extraction practices. |
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