Teton Energy convertible debenture payment forbearance extended

By Caroline Salls

Pittsburgh, Aug. 6 - Teton Energy Corp.'s forbearance period for the interest payment due on its outstanding 10.75% senior secured convertible debentures has been extended through Aug. 25, according to an 8-K filed with the Securities and Exchange Commission.

The company said it plans to continue to work with the debenture holders toward a more permanent solution. If it cannot do so, Teton said it may be forced to file for bankruptcy.

Teton is a Denver-based developer, producer and marketer of natural gas and oil properties.

© 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.