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Zargon closes $50 million bought deal convertible debenture offering


Published May 3, 2012
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Zargon Energy Trust

Zargon Oil & Gas Ltd. has closed its previously announced offering of $50,000,000 aggregate principal amount of 6.00% convertible unsecured subordinated debentures of Zargon at a price of $1,000 per Debenture. The Offering was completed through a syndicate of underwriters that was led by TD Securities Inc. and included CIBC World Markets Inc., Scotia Capital Inc., Peters & Co. Limited, Raymond James Ltd. and Salman Partners Inc..

Zargon has also granted the Underwriters an over-allotment option to purchase up to an additional $7,500,000 aggregate principal amount of Debentures on the same terms and conditions of the Offering, exercisable in whole or in part at any time until and including May 31, 2012.

Tags: Zargon Oil & Gas Ltd.



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