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Argent Energy Trust closes the over-allotment option


Published Dec 2, 2013
Argent Energy Trust-2

Argent Energy Trust announce that the underwriters, in connection with the Trust's previously announced $60,000,000 bought deal financing of 6.50% convertible unsecured subordinated debentures due December 31, 2018 (the "Debentures"), which closed on October 31, 2013 (the "Offering"), have partially exercised their over-allotment option.

Accordingly, an additional 3,000 Debentures have been issued today at a price of $1,000 per Debenture for aggregate gross proceeds of $3,000,000. The net proceeds will be used to reduce outstanding indebtedness under the Trust's credit facility and for general corporate purposes.

Tags: Argent Energy Trust




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