Quicksilver holders may convert 1.875% debentures

By Devika Patel

Knoxville, Tenn., July 2 - Quicksilver Resources Inc. announced that its 1.875% convertible subordinated debentures due 2024 are convertible during the quarter ending Sept. 30 after the satisfaction of the market price condition to conversion.

The debentures are convertible at a rate of 32.7209 shares of Quicksilver common stock per $1,000 principal amount of the debentures, which takes into account the three-for-two stock split performed by the company in June 2005.

Quicksilver is a natural gas and crude oil production company based in Fort Worth, Texas.

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