Cequence Energy Ltd Common CEQXF

RE:RE:Cequence debt propsal gets even more favourable

[EstevanOutsider]

Looks like they will issue shares under a CDE offering to subscribed buyer at $0.65, though I do see this as a positive and it will pay off for the longterm shareholders and also benefit the company. One additional year of maturity postponement at a low interest rate, with the risk of 10% interest called off and less diluted shares due to cancellation of warrants is overall bullish. The company has come along way in a year, from the brink of bankruptcy to a third new debt deal with each one being better then previous: "A number of the Term Loan debtholders have entered into subscription agreements pursuant to which they have agreed to purchase approximately 17.2 million common shares of the Company at a price of $0.65 per share for aggregate gross proceeds of $11.2 million. The shares will be issued on a Canadian development expense flow-through basis. Upon completion of the private placement the Company expects to have approximately 41.8 million common shares outstanding."