The parent company will receive the same deal as other secured debenture
holders for its holdings of secured debentures
of New Algoma.
Where such capitalization of arrears of interest would otherwise result in a Secured Debenture
or an Unsecured Debenture, as the case may be, with a face value that is not an integral multiple of $1,000, the face value of such Secured Debenture
or Unsecured Debenture will be rounded down to the nearest $1,000.
The causes of action include breach of contract and injunctive relief in connection with a default under a secured debenture
issued by the Company on August 13, 2012, in the principal amount of $1,080,000.
13 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company") (NYSE AMEX: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that it has repaid in full its 8% Secured Debenture
(the "Debenture") plus accrued interest to Lotusbox Investments Limited Investor ("Lotusbox").
9 million of its outstanding 8% Secured Debenture
and an additional $780,000 of accrued interest from various holders, clears from ANEC's balance sheet approximately $13.
U) announced it has agreed to re-purchase its remaining outstanding 8% Secured Debenture
debt totaling $2.
TEL AVIV, Israel -- Gazit-Globe (TASE:GLOB) Israel's leading owner, developer and operator of income producing real estate closed a senior secured debenture
offering with a total of approximately NIS 403 million ($97 million) and approximately 201.
5 million principal amount floating rate convertible senior secured debenture
(the "Convertible Debenture") to Tricap Partners Ltd.
5 million in the form of a floating rate convertible senior secured debenture
(the "Convertible Debenture") to be issued to Brookfield Bridge Lending Fund Inc.
The secured debenture
is convertible into shares of Cobalis' common stock determined by dividing the dollar amount being converted by the lower of the fixed conversion price of $0.
6 million) of the New Debentures in the Offering, which were subdivided into the following respective amounts of Secured Debentures
and Convertible Debentures subject to the following terms:
0 percent convertible secured debentures
due May 31, 2016, in accordance with the terms of the indenture governing the debentures.