The Toronto Stock Exchange reports that Zargon Oil & Gas Ltd.'s 8 per cent convertible unsecured subordinated debentures (ZAR.DB.A) will be halted at the open on Jan. 11, 2019, and delisted at the close on the same day. According to the TSX, the holders of the debentures approved the amendment to the debenture terms on Jan. 10, 2018, and the company will redeem the debentures on Jan. 11, 2019.
The TSX reports that all of the outstanding debentures and the accrued and unpaid interest owing on the debentures from and including Sept. 30, 2018, to but not including the redemption date will be settled by the issuance of common shares at 10 cents per share. For more information, see the company's information circular and proxy statement dated Dec. 1, 2018, and its news release dated Jan. 10, 2019.
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