TSX:SGR.UN - Post by User
Post by
halcroon Mar 31, 2015 4:18pm
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Post# 23583398
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newsGold debentures to resume at the open April 1
2015-03-31 16:02 ET - Resume Trading
Effective at the open on Wednesday, April 1, 2015, trading in San Gold Corp.'s 8 per cent unsecured senior subordinated debentures will resume.
At the opening of business on April 1, 2015, the TSX Venture Exchange will commence trading the debentures on an interest-flat basis and will do so until further notice. The company will not make the interest payment due March 31, 2015, on the debentures.
As the TSX-V has no assurance that the company will be in a position to pay interest on the debentures on the next interest payment date of Sept. 30, 2015, the debentures will commence trading at the opening on April 1, 2015, and all trades in the debentures, until further notice, will be on an interest-flat basis. The TSX-V will not report accrued interest regarding any trades made on an interest-flat basis to participating organizations. All trades made on or prior to March 25, 2015, are made on an accrued interest basis.
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