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Prospect News home > News index > List of issuers P > Headlines for PetroBakken Energy Ltd. > News item
Published on 3/7/2014 in the Prospect News Convertibles Daily.

PetroBakken adjusts conversion price for 3.125% convertibles due 2016

By Tali Rackner

Norfolk, Va., March 7 - PetroBakken Energy Ltd. adjusted the conversion price for its 3.125% senior convertible bond issue due 2016, according to a notice from trustee Norsk Tillitsmann ASA.

Effective Feb. 1, the adjusted conversion price is $28.8456.

The adjustment is due to monthly dividend payments of C$0.08 per share made from January 2010 to the end of November and C$0.04 per share to the end of January.

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


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