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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Energy Oil & Gas E&P
Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Kelt Exploration Ltd
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Comment by filefishon Oct 07, 2020 5:04pm
90 Views
Post# 31684014

RE:Dilution ?

RE:Dilution ? https://www.globenewswire.com/news-release/2016/04/11/1334510/0/en/Kelt-Exploration-Announces-80-0-Million-Convertible-Debenture-Financing-and-Strategic-Property-Acquisition-at-Progress-Alberta.html

Here is the original news release on the Debentures back in 4/2016 which explains the conversion and redemption features of this issue. I am not sure I completely understand it, but it seems that at the $5.+/share conversion rate , everyone will be taking cash, not stock. Therefore no dilution. Comments?   
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