Brief: Cardinal Energy Ltd Announces Private Placement

Cardinal Energy (Alberta)

07/12/2020 07:33

Dec 7 (Reuters) - Cardinal Energy Ltd (Alberta)  CJ.TO :
    * CARDINAL ENERGY LTD. ANNOUNCES PRIVATE PLACEMENT
    * ENTERED PACTS FOR PRIVATE PLACEMENT OF ABOUT $16.9 MILLION
OF
2ND LIEN SECURED NOTES
    * NOTES ISSUED AT A 4% DISCOUNT FOR GROSS PROCEEDS OF $16.2
MILLION
    * NOTES WILL BEAR INTEREST AT 12% PER ANNUM
    * NOTES TO BE DUE ON JUNE 30, 2022, SUBJECT TO EXTENSION TO
NOV
30, 2022

Source text for Eikon:  ID:nGNX9Q0Plk 
Further company coverage:  CJ.TO 

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