Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/argent-energy-trust-closes-the-over-allotment-opti.shtmlArgent Energy Trust closes the over-allotment option
Argent Energy Trust announce that the underwriters, in connection with the Trust's previously announced $60,000,000 bought deal
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Argent Energy Trust announce that the underwriters, in connection with the Trust's previously announced $60,000,000 bought deal financing of 6.50% convertible unsecured subordinated debentures due December 31, 2018 (the "Debentures"), which closed on October 31, 2013 (the "Offering"), have partially exercised their over-allotment option.
Accordingly, an additional 3,000 Debentures have been issued today at a price of $1,000 per Debenture for aggregate gross proceeds of $3,000,000. The net proceeds will be used to reduce outstanding indebtedness under the Trust's credit facility and for general corporate purposes.
