Bellatrix Exploration Ltd (Canada) BXEFF

Energy

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e

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Bellatrix Exploration Ltd (Canada) > Halt of Debentures

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Comment by black4444on Apr 05, 2019 7:39pm

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Post# 29590659

RE:RE:RE:RE:RE:RE:RE:RE:Halt of Debentures

Could this be something?

The company shall have the right, on or prior to the effective date, to repay the convertible debentures with cash from proceeds of one or more equity issuances for up to 32.5 per cent of the aggregate issued and outstanding common shares of the company upon implementation of the recapitalization transaction, and, to the extent such equity issuances are for less than 32.5 per cent of the aggregate issued and outstanding common shares of the company upon implementation of the recapitalization transaction, any such difference shall reduce the dilution in respect of the existing shareholders (as defined as follows).

Has Polar et al come up with a plan to inject cash in exchange for the redemption of the debentures?

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