By Laura Lutz
Washington, Nov. 30 - Thunderbird Energy Corp. is conducting a private placement of convertible debentures for C$1.2 million.
The 12% two-year debentures will be convertible at C$0.50 per share during the first year and at C$0.60 per share during the second year.
The deal will be non-brokered.
Thunderbird is a Vancouver, B.C.-based oil and gas company.
| Issuer: | Thunderbird Energy Corp.
|
| Issue: | Convertible debentures
|
| Amount: | C$1.2 million
|
| Maturity: | Two years
|
| Coupon: | 12%
|
| Price: | Par
|
| Yield: | 12%
|
| Conversion price: | C$0.50 in the first year; C$0.60 in the second year
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 30
|
| Stock symbol: | TSX Venture: TBD
|
| Stock price: | C$0.30 at close Nov. 30
|
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