Birchcliff Energy Ltd. Announces Conversion Results for Series A Preferred Shares
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 09/18/17 -- Birchcliff Energy Ltd. ("Birchcliff") (TSX: BIR) announces that after having taken into account all conversion notices received by the September 15, 2017 deadline for the conversion of Birchcliff''s Cumulative Redeemable Preferred Shares, Series A (the "Series A Shares") into Birchcliff''s Cumulative Redeemable Preferred Shares, Series B (the "Series B Shares"), the holders of the Series A Shares are not entitled to convert their Series A Shares into Series B Shares. There were 165,960 Series A Shares tendered for conversion, which is less than the 250,000 shares required to give effect to conversions into Series B Shares. As a result, none of Birchcliff''s outstanding Series A Shares will be converted into Series B Shares on September 30, 2017.
About Birchcliff:
Birchcliff is a Calgary, Alberta based intermediate oil and gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff''s Common Shares and Cumulative Redeemable Preferred Shares, Series A and Series C, are listed for trading on the Toronto Stock Exchange under the symbols "BIR", "BIR.PR.A" and "BIR.PR.C", respectively.
Contacts:
Birchcliff Energy Ltd.
Suite 1000, 600 - 3rd Avenue S.W.
Calgary, AB T2P 0G5
(403) 261-6401
(403) 261-6424 (FAX)
Robyn Bourgeois
General Counsel and Corporate Secretary
Jennifer McPherson
Legal Counsel
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Datum: 18.09.2017 - 12:04 Uhr
Sprache: Deutsch
News-ID 1521109
Anzahl Zeichen: 3687
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CALGARY, ALBERTA
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Oil & Gas
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