Solimar Energy, LLC: Confirmation of Share Repayment Regarding Debentures That Matured December 31, 2013 and Payment of Inter...
03 January 2014 - 10:00PM
Marketwired
Solimar Energy, LLC: Confirmation of Share Repayment Regarding
Debentures That Matured December 31, 2013 and Payment of Interest
MELBOURNE, AUSTRALIA--(Marketwired - Jan 3, 2014) -
NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Solimar Energy Limited (ASX:SXS)(TSX-VENTURE:SXS) ("Solimar" or
"the Company") provides notice to the holders of outstanding
debentures ("February Debentureholders"), which were issued
pursuant to the trust indenture dated February 10, 2012, as amended
July 27, 2012 (the "Indenture"), that the Company has satisfied its
obligation to pay the principal and remaining interest to February
Debentureholders on December 31, 2013 by issuing an aggregate of
24,529,905 common shares of the Company ("Debenture Repayment
Shares").
The Company reminds the February Debentureholders that their
receipt of their portion of the Debenture Repayment Shares will
only be effected upon their presentation and surrender of the
original debenture certificate to Computershare Trust Company of
Canada (the trustee under the Indenture) at its principal trust
office in Calgary, Alberta.
Solimar has also issued 1,423,490 common shares ("shares") to
the holders of those debentures issued on 31 July 2012 ("June
Debentures") in satisfaction of its obligation to pay interest on
the June Debentures for the December 2013 quarter under the terms
of the debenture indenture dated June 26, 2012 as amended August
14, 2013.
The shares and Debenture Repayment Shares issued to satisfy the
interest have been made under the Company's 15% placement capacity
per ASX Listing Rule 7.1.
An application for quotation on ASX of the shares and Debenture
Repayment Shares is being made.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ABN 42 112 256 649
Solimar Energy, LLCJason BednarDirector+1 805 643 4100 or (03)
9347 2409www.solimarenergy.com.au
(TSXV:SXS)
Historical Stock Chart
From Aug 2024 to Sep 2024
(TSXV:SXS)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Solimar Energy Limited News Articles