AED Oil holders exercise put option for remaining 9% convertibles

By Toni Weeks

San Diego, May 2 - AED Oil Ltd. redeemed and canceled its remaining 9% convertible notes on April 30, according to an Australian Securities Exchange announcement.

Holders exercised their put options for $12,112,500 of AED's $21,217,500 issued 9% notes.

This removes the last short-term financing liability for AED.

AED will apply to have the convertibles delisted.

The issuer is a Melbourne, Australia-based oil company.

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