Brief: Obsidian Energy Encourages Bonterra Shareholders to Create Cardium Champion

Bonterra Energy

14/10/2020 12:15

Oct 14 (Reuters) - Bonterra Energy Corp  BNE.TO :
    * OBSIDIAN ENERGY LTD - WROTE A LETTER TO BONTERRA ENERGY
CORP.
SHAREHOLDERS
    * OBSIDIAN ENERGY LTD - 'ENCOURAGED BY INITIAL DISCUSSIONS
WITH
BONTERRA SHAREHOLDERS SINCE MAKING OFFER'
    * OBSIDIAN ENERGY LTD - PROPOSED BONTERRA EDC, BDC
FINANCINGS WILL
RESTRICT BONTERRA'S ABILITY TO PAY CASH DIVIDENDS FOR UP TO FOUR
YEARS
    * OBSIDIAN ENERGY LTD - OFFERED TO SHARE DETAILED FINANCING
PLAN
WITH BONTERRA UNDER PROVISO THAT THERE WAS GOOD FAITH INTENT

Source text for Eikon:  ID:nCNW2z2xXa 
Further company coverage:  BNE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))