Canbriam to issue call for notes due 2019 ahead of being acquired

By Wendy Van Sickle

Columbus, Ohio, May 13 – Canbriam Energy Inc. plans to issue a conditional notice of redemption for its senior notes due 2019, according to a news release.

The redemption will be conditioned on completion of a planned acquisition of Canbriam by Pacific Oil and Gas Ltd. It was announced Monday that definitive documents for the acquisition had been signed.

Canbriam is a Calgary, Alta.-based privately held energy exploration and production company.

Pacific Oil and Gas is an independent energy resources development company focused on helping meet the increasing energy requirements of growing Asian economies, with a core presence in Indonesia and China.

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