Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CanArgo Energy Corp. > News item |
CanArgo investor will not convert 12% notes
By Devika Patel
Knoxville, Tenn., April 7 - CanArgo Energy Corp. investor Persistency has agreed not to convert its 12% subordinated convertible guaranteed notes due 2010 without the company's consent unless there is a change-of-control event or the notes are accelerated.
The company reached the agreement with Persistency on Thursday, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
CanArgo is an oil and gas exploration and production company based in Guernsey, Channel Islands.
© 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.