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Published on 4/4/2011 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

Trident Resources prepares to sell C$175 million seven-year notes

By Cristal Cody

Prospect News, April 4 - Trident Resources Corp. plans to sell C$175 million seven-year notes (/B-/), according to sources.

CIBC World Markets Inc. is the lead manager.

The notes are being marketed over the week.

Proceeds will be used to pay down outstanding debt.

Trident Resources is a Calgary, Alta.-based natural gas exploration company with operations in Alberta and British Columbia.


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