We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stampede Drilling Inc | TSXV:SDI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.235 | 0.225 | 0.235 | 0.235 | 0.235 | 0.235 | 23,500 | 21:00:00 |
CALGARY, AB, Sept. 8, 2020 /CNW/ - Stampede Drilling Inc. ("Stampede") announces that it intends to amend the terms of its 10.00% convertible unsecured debentures (the "Debentures") by entering into amending agreements with each holder of Debentures (collectively, the "Amending Agreements"). The proposed amendments remain subject to Stampede obtaining final approval from the TSX Venture Exchange.
Under the terms of the Amending Agreements:
As of today, holders of 98.58% of the aggregate principal amount of the Debentures have entered into Amending Agreements with Stampede. Stampede expects to enter into Amending Agreements with all debentureholders prior to receipt of the final approval from the TSX Venture Exchange. In the event any of the remaining debentureholders elects not to enter into an Amending Agreement, such debentureholders' Debentures will continue to be in effect in accordance with their current terms.
About Stampede
Stampede is a public company engaged in the provision of drilling rig services to the oil and natural gas industry in North America. Stampede's current principal markets for its services are the provinces of Saskatchewan, Alberta and British Columbia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ADVISORY ON FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of Stampede as of the date of this news release, unless otherwise stated. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning: the timing and anticipated receipt of required regulatory approvals for the amendments to the Debentures; and the ability of Stampede to enter into Amending Agreements with the remaining debentureholders. Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.
The forward-looking statements address future events and conditions and, as this is the case, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the failure to successfully enter into Amending Agreements with the remaining debentureholders; and the failure of Stampede to obtain necessary regulatory approvals, or to otherwise satisfy the conditions to the TSX Venture Exchange, in a timely manner, or at all. Failure to so obtain such approvals may result in the amendments to the Debentures not being completed on the proposed terms, or at all.
Readers are cautioned that the foregoing list of factors is not exhaustive. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Stampede undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Stampede Drilling Inc.
Copyright 2020 Canada NewsWire
1 Year Stampede Drilling Chart |
1 Month Stampede Drilling Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions