Scandoil  
Skip Navigation

Stream signs Letter of Intent to issue debenture of up to Cdn$5.0 million


Published Jul 8, 2014
E-mail Print

[an error occurred while processing this directive]

Edit page New page Hide edit links

Stream Oil & Gas Ltd.

Stream Oil & Gas Ltd. has entered into a Letter of Intent (LOI) to arrange the issuance of a debenture of up to Cdn$5.0 million to Letho Resources Corp. (Letho).

Terms of the debenture are being finalized and are expected to include a right of Stream to convert the debenture into shares of Stream and pre-payment privileges, subject to regulatory approval. The Company is arranging the debenture for its capital expenditure program and general working capital purposes.

In connection with the proposed debenture agreement, Robert Hall, President and Chief Executive Officer of Letho, joins Stream's Board of Directors (the "Board") effective July 7, 2014.

Tags: Stream Oil & Gas Ltd.




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories
Aker - Haugan
New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.
Rystad Energy - Borr Drilling takes charge of the jackup market
Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.
VesselsValue logo
Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.
Southwest Research Institute (SwRI) - IMSF2
SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS2), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In Canada ]

Weekly Rig Counts from Baker Hughes
Marksmen Energy to complete private placement
Canadian oil production expected to increase despite lower prices
Suncor Energy appoints new member to Board of Directors
Granite receives approval for EOR on Bakken property

 

 

 

 

 


RSS
RSS
Newsletter
Newsletter
Mobile News
Mobile news
Computer
Our news on
your website

Facebook
Facebook
Twitter
Twitter
Contact
Contact
Tips
Do you have any
tips to us Stats

 

About us | Contact | Privacy |  Terms | 
Editor: Michael Rogers
Copyright 1973-2017. Scandinavian Oil-Gas Online. ISSN 1500-709X. 
Tel: +47 22 44 72 70, Fax: +47 22 44 72 87

sitemap xml