Equal Energy Ltd Announces change to convertible debenture conversion price - update
- Equal Energy Ltd announces that the May 28, 2014 common stock dividend payment of US $0.05 per share has resulted in an adjustment to its outstanding 6.75% Convertible Debentures due March 31, 2016. Under the terms of the indenture, the conversion price for the Debentures is reduced from CAD $8.55 to $8.47. In addition, each Debenture is now convertible into 118.06 common shares of Equal.
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