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Prospect News home > News index > List of issuers L > Headlines for Lightstream Resources Ltd. > News item
Published on 7/11/2013 in the Prospect News Convertibles Daily.

Lightstream adjusts conversion price for 3.125% convertibles due 2016

By Toni Weeks

San Luis Obispo, Calif., July 11 - Lightstream Resources Ltd., formerly PetroBakken Energy Ltd., adjusted the conversion price for its 3.125% senior unsecured convertible bond due 2016 issued by PetroBakken, according to a notice from trustee Norsk Tillitsmann ASA.

Effective June 1, the adjusted conversion price is $31.2734.

The adjustment is due to the monthly C$0.08 per share distribution payments made from January 2010 to the end of May 2013.

Lightstream is an oil and gas exploration and production company based in Calgary, Alta.


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