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Kelt Exploration Ltd
Symbol KEL
Shares Issued 187,924,357
Close 2020-09-21 C$ 1.62
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Kelt Exploration 5% debentures to be delisted

2020-09-21 17:46 ET - Miscellaneous

The Toronto Stock Exchange reports that Kelt Exploration Ltd.'s 5 per cent convertible unsecured subordinated debentures (symbol KEL.DB) will be delisted at the close on Oct. 2, 2020. According to the TSX, the company will redeem the debentures on Oct. 3, 2020, for $1,017.12 per $1,000 principal amount, representing $1,000 principal amount and $17.12 for accrued and unpaid interest thereon to, but excluding, the redemption date. The total redemption amount will be $89.91-million.

The TSX reports that the debentures are currently convertible into common shares of the company, at the option of the holder, before 5 p.m. Calgary time on Oct. 2, 2020, at $5.50 per share. This conversion price represents a conversion rate of approximately 181.8182 shares per $1,000 principal amount of debentures. Trades on Oct. 1, 2020, and trades on Oct. 2, 2020, will settle on Oct. 2, 2020.

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