Bengal Energy Announces Extension of Maturity Date of $1.75 Million Private Placement Non-Convertible Notes
2014年1月25日 - 6:16AM
Marketwired Canada
Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces that it
has agreed with the holders of Bengal's $1,750,000 aggregate principal amount of
non-convertible notes ("Non-Convertible Notes") to extend the term of the
Non-Convertible Notes from January 24, 2014 to January 24, 2015 and to provide
the holders with the right to demand repayment on at least 15 business days
prior written notice to Bengal. All of the Non-Convertible Notes are held by
insiders of the Company.
About Bengal
Bengal Energy Ltd. (TSX:BNG) is an international oil and gas exploration and
production company with producing and prospective light oil-weighted assets in
Australia and India. Bengal offers exposure to lower risk current production and
cash flow, combined with longer-term high potential impact exploration projects.
The Company's strategy is to achieve per share growth in cash flow, production
and reserves while establishing an attractive portfolio of future drilling and
exploration opportunities.
Additional information is available at www.bengalenergy.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bengal Energy Ltd.
Chayan Chakrabarty
President & Chief Executive Officer
(403) 205-2526
Bengal Energy Ltd.
Jerrad Blanchard
Chief Financial Officer
(403) 205-2526
investor.relations@bengalenergy.ca
www.bengalenergy.ca
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