Brief: Prairie Provident Announces Transformative Recapitalization Transactions

Prairie Provident Resources

29/03/2023 13:58

March 29 (Reuters) - Prairie Provident Resources Inc
 PPR.TO :
    * PRAIRIE PROVIDENT RESOURCES ANNOUNCES TRANSFORMATIVE
RECAPITALIZATION TRANSACTIONS
    * PRAIRIE PROVIDENT RESOURCES INC - COMPLETION OF
TRANSACTIONS
WILL SIGNIFICANTLY REDUCE TOTAL INDEBTEDNESS BY $68 MILLION
    * PRAIRIE PROVIDENT RESOURCES INC - NEW INVESTMENT AND
BROKERED
EQUITY FINANCING TO FUND IMMEDIATE WORKING CAPITAL NEEDS AND
ONGOING FIELD OPERATIONS
    * PRAIRIE PROVIDENT RESOURCES INC - ENTERED INTO DEBT
RESTRUCTURING AGREEMENT WITH PCEP CANADIAN HOLDCO, LLC
    * PRAIRIE PROVIDENT RESOURCES - FROM TRANSACTIONS, 
ESTIMATED FREE
FUNDS FLOW OF $17 MILLION - $22 MILLION IN 2023

Source text for Eikon:  ID:nGNXc4832Z 
Further company coverage:  PPR.TO 

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