Delayed Toronto Stock Exchange - 01:37 2022-11-29 pm EST
9.800 CAD +4.20%

Surge Energy Issues Redemption Notice for a Convertible Debenture Issue Due on December 31

09/22/2022 | 05:07pm
(MT Newswires) -- Surge Energy (SGY.TO) on Thursday issued a redemption notice for the outstanding C$44.5 million of its 5.75% convertible unsecured subordinated debentures due December 31, 2022.

The Western Canadian oil and gas producer said it will redeem the notes on Oct.28, paying the principal amount and any outstanding interest.

The debentures can be converted into Surge shares priced at C$23.23 prior to the redemption date.

Surge shares closed down C$0.19 to C$8.73 on the Toronto Stock Exchange.

MT Newswires 2022
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