Equal Energy Announces Change to Convertible Debenture Conversion Price
30 Mai 2014 - 10:31PM
PR Newswire (Canada)
OKLAHOMA
CITY, May 30, 2014 /CNW/ -
Equal Energy Ltd. (NYSE:EQU) (TSX:EQU.TO) announces that the
May 28, 2014 common stock dividend
payment of US $0.05 per share has
resulted in an adjustment to its outstanding 6.75% Convertible
Debentures due March 31, 2016 (the
"Debentures"). Under the terms of the indenture, the conversion
price for the Debentures is reduced from CAD $8.55 to $8.47. In addition, each
Debenture is now convertible into 118.06 common shares of
Equal.
About Equal Energy:
Equal Energy is an oil and gas exploration and
production company based in Oklahoma
City, Oklahoma. Our oil and gas assets are centered on the
Hunton liquids-rich natural gas property in Oklahoma. Our shares are listed on the New
York Stock Exchange and the Toronto Stock Exchange under the symbol
(EQU). Our convertible debentures are listed on the Toronto Stock
Exchange under the symbols EQU.DB.B.
SOURCE Equal Energy Ltd.
Copyright 2014 Canada NewsWire
Equal Energy Ltd. (NYSE:EQU)
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