Brief: Target Capital announces cash preservation measures and asset write down

Westgate Energy

31/12/2015 18:30

Dec 31 (Reuters) - Target Capital Inc  TCI.V : 
 * Announces cash preservation measures and asset write down 
 * Says advises that it will not be making interest payments on its various 
   classes of unsecured bonds 
 * Says it will not be processing any bond redemptions at this time 
 * Says anticipates a write down for unrecoverable costs exclusively associated 
   with the Charleston development 
 
 * Source text for Eikon  urn:newsml:reuters.com:*:nCCN97T5WN 
 
 * Further company coverage  TCI.V  
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