Convertible Debenture

On November 21, 2018, Zargon Oil and Gas Ltd. announced a proposed transaction to settle its Convertible Debentures. An Information Circular dated December 1, 2018, was issued.

Convertible debenture terms were amended on February 14, 2017.

Zargon has these convertible unsecured subordinated debentures listed on the TSX under the “ZAR.DB.A” symbol as summarized in the table below:

TSX Symbol Date Issued Interest Rate per Annum Amount Outstanding Maturity Date Conversion Privilege for each $1,000 principal amount converted Related Documents (PDF)
ZAR.DB.A
May 1, 2012
and
May 4, 2012
8.00% per annum, payable semi-annually,
March 31 and September 30
$41.94 million
December 31, 2019
$1.25/common share