Cardinal Energy extends time to swap 5.5% convertibles for 8% paper

By Wendy Van Sickle

Columbus, Ohio, July 20 – Cardinal Energy Ltd. said holders of about 62% of the outstanding principal amount of its 5.5% convertible debentures due Dec. 31, 2020 exercised their right to exchange the paper for new 8% convertibles due Dec. 31, 2022.

Additionally, the company extended the period of time that debentures can be exchanged to 5 p.m. ET on Aug. 4 from 5 p.m. ET on July 20.

Computershare Investor Services Inc. (800-564-6253 or corporateactions@computershare.com) is the exchange agent.

Calgary, Alta.-based Cardinal Energy is an oil-focused company with operations in Alberta.

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