Tamarack Valley Energy Ltd T.TVE

Issuance and Pricing of $200 Million Senior Unsecured Notes

[Betteryear2]

/NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

CALGARY, AB, Feb. 2, 2022 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces that it has entered into an underwriting agreement to sell, on a private placement basis, $200 million aggregate principal amount of 7.25% senior unsecured sustainability-linked notes due May 10, 2027 (the "Notes"). The Notes will be issued at par under a trust indenture and will be general unsecured obligations of Tamarack ranking pari passu with all of the Company's existing and future senior unsecured indebtedness (the "Offering"). Closing of the Offering is expected to occur on or about February [10], 2022, subject to satisfaction of customary closing conditions.

 

[egee]

Bitcoin

[egee]

No , what meant to say ...can you spell Spur Resources 

[smocher]

Likely for property from Spur. Pretty confident TVE can generate enough to pay the rate and the debt by 2027. More Nipisi land,?

[Bennys65]

Could be Spur or Delta.Makes sense .We have nibbled at woodcote, crestwynd and spur so its in the play book.Just noticed hwx had some great exploration results nextdoor to our eastern land in west Marten hills.New oil pool for them ,good realestate for us.