As stated in its June 24, 2016, news release, Twin Butte Energy Ltd. is restricted from making interest payments in respect of its 6.25-per-cent convertible unsecured subordinated debentures due Dec. 31, 2018. According to the Toronto Stock Exchange, the debentures have been halted, effective at the open on June 24, 2016, and will remain halted for the balance of the day. The TSX reports the halt has been effected to enable the TSX to reflect the fact that all trades in the debentures starting June 27, 2016, and until further notice will be on an interest-flat basis, and the TSX will not report accrued interest regarding any such trades to participating organizations. All trades made before the trading halt are on an accrued-interest basis.
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