Pedevco: Jumps on deal to convert all debt into equity

PEDEVCO

05/03/2019 15:55

** Pedevco shares  PED.A  jump 8.9 pct to $2.08, hit session
high of $2.15
    ** The energy company struck deals to convert ~$32.7 mln
debt into common stock at a conversion price of $2.13 per share
    ** The deals, done through a firm owned by Pedevco CEO,
leaves the company with no debt  urn:newsml:reuters.com:*:nFWN20R0QD
    ** PED extends YTD gains to ~175 pct; stock rose 137 pct in
2018

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))