NORCEN TO REDEEM CONVERTIBLE DEBENTURES
NORCEN TO REDEEM CONVERTIBLE DEBENTURES CALGARY, Alberta, June 15 /PRNewswire/ -- Norcen Energy Resources
Ltd. (AMEX: NCN, Toronto, Montreal: NCN) today announced that on July 22, 1992 it will redeem, at par plus accrued interest, all of its then-outstanding adjustable rate convertible subordinated debentures, series A. Pursuant to the trust indenture, holders may convert these debentures at any time prior to the close of business on July 21, 1992 into multiple voting ordinary shares of the company at a price of $15.50 per multiple voting share.
Currently, the par value of the series A debentures amounts to approximately $131.6 million. -0- 6/15/92 /CONTACT: Ron Burrows of Norcen Energy Resources, 403-231-0107/ (NCN) CO: Norcen Energy Resources Ltd. ST: Alberta IN: OIL SU: KJ -- LA028 -- 0373 06/15/92 17:32 EDT
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|Date:||Jun 15, 1992|
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