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Rooster Energy PRBEQ

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Post by JamJam123on Mar 24, 2017 7:08pm
157 Views
Post# 26029054

news out

news outCALGARY, ALBERTA--(Marketwired - March 24, 2017) - ROOSTER ENERGY LTD. (or the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ) is pleased to announce that it has complied with terms of the Third Amendment (entered into March 10, 2017) to the Amended and Restated Note Purchase Agreement dated as of November 17, 2014, as amended and restated as of June 25, 2015 (the "NPA") with the holders of the senior secured notes (the "Notes") issued pursuant to the NPA. Specifically, a non-binding term sheet has been entered into with the holders this date setting forth the general terms of a potentially acceptable restructuring of the NPA. Additionally, as required by the terms of the Third Amendment, the Company has on this date paid the applicable interest due on the Notes that was due and payable on January 31, 2017 and February 28, 2017. Pursuant to the Third Amendment, the holders agreed to extend until March 24, 2017 the payment dates pending satisfaction of all other terms of the Third Amendment.
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