JED Oil gets fifth extension of 10% convertibles' redemption date

By Devika Patel

Knoxville, Tenn., March 25 - JED Oil Inc. said it has extended the redemption date of its $40.24 million in 10% senior subordinated convertible notes to March 25 from March 24.

The purpose of the latest extension is to finalize terms with the noteholders for a longer extension for the completion of financing and repayment of the notes, according to a company news release.

This is the notes' fifth extension; the redemption date originally was slated for Feb. 15.

JED Oil is an oil and natural gas company based in Didsbury, Alta.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.