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Birchcliff Energy calls series A, C cumulative redeemable preferreds
By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Birchcliff Energy Ltd. said on Thursday that it plans to redeem all 2 million of its outstanding cumulative redeemable preferred shares, series A, and all of its 1,528,219 outstanding cumulative redeemable preferred shares, series C, on Sept. 30, according to a news release.
The redemption price will equal $25.00 per share, for a total redemption price of C$88.2 million, which will be paid on Oct. 3.
The intermediate oil and gas company is based in Calgary, Alta.
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