Printer Friendly

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
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 15, 1992
Words:133
Previous Article:LOWE'S ANNOUNCES WEEKLY SALES
Next Article:KNOWLEDGEWARE ANNOUNCES KEY EXECUTIVES TO DIRECT ITS FEDERAL SYSTEMS OPERATIONS


Related Articles
PFIZER TO REDEEM DEBENTURES APRIL 15
INTER-REGIONAL FINANCIAL GROUP DECLARES DIVIDEND; CALLS OUTSTANDING 10 PERCENT-DEBENTURES, PREFERRED STOCK
APACHE TO REDEEM CONVERTIBLE DEBENTURES
THERMO INSTRUMENT SYSTEMS INC. TO REDEEM CONVERTIBLE DEBENTURES
NWNL TO REDEEM USLICO DEBENTURES
ANNOUNCEMENT REGARDING LABATT PREFERRED SHARES AND DEBENTURES
Inco Limited Completes Public Offering of Debt Securities in the U.S. and Indicates Redemption of Certain Existing Debt Securities.
Inco Limited to redeem its Series E Preferred Shares and 5 3/4 % Convertible Debentures due 2004.
Inco Enters Into Agreements to Sell Privately Two Issues of Convertible Debentures in Separate Concurrent Offerings.
Inco closes on private sales of two issues of convertible debentures.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters