Gear Energy Ltd. Announces Majority Redemption of Debentures
March 23 2021 - 07:41PM
PR Newswire (Canada)
CALGARY, AB, March 23, 2021 /CNW/ - Gear Energy Ltd. (TSX:
GXE) is pleased to announce that it has received notice that the
holder of $9.3 million of its
outstanding 7.0% Convertible Unsecured Subordinated Debentures (the
"Debentures") has elected to convert the Debentures at the
conversion price of $0.32 per common
share resulting in the issuance of 29.2 million common shares
effective immediately. $3.4 million
in Debentures remains outstanding.
SOURCE Gear Energy Ltd.
Copyright 2021 Canada NewsWire
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