Sinopec Daylight Energy Ltd. Completes Redemption of Its 10% Series C Convertible Unsecured Subordinated Debentures
24 January 2012 - 12:15AM
Marketwired Canada
Sinopec Daylight Energy Ltd. ("Sinopec Daylight") (TSX:DAY) (TSX:DAY.C)
(TSX:DAY.D) is pleased to announce that it has completed the previously
announced redemption of all of its 10% Series C Convertible Unsecured
Subordinated Debentures (the "Series C Debentures"). The Series C Debentures
were redeemed by way of a cash payment in the aggregate amount of $73,425,450.
All interest accrued and unpaid on the Series C Debentures up to but excluding
the redemption date was also paid in cash. The redeemed Series C Debentures have
been cancelled and will be de-listed from the Toronto Stock Exchange at the
close of markets on January 23, 2012.
All amounts stated herein are in Canadian dollars.
ADVISORY:
Forward-Looking Information and Statements
This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking statements or
information.
Factors that could affect such forward looking statements or information are
included in reports on file with applicable securities regulatory authorities,
including but not limited to: Daylight Energy Ltd.'s Annual Information Form for
the year ended December 31, 2010, Daylight Energy Ltd.'s Notice of Annual
General Meeting and Information Circular and Proxy Statement dated April 14,
2011 and Daylight Energy Ltd.'s Notice of Special Meeting and Information
Circular and Proxy Statement dated November 1, 2011, each of which may be
accessed on Daylight Energy Ltd.'s SEDAR profile at www.sedar.com.
The forward-looking statements and information contained in this press release
are made as of the date hereof and Sinopec Daylight undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws.
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