Calgary, Alberta (Newsfile Corp. - February 19, 2021) - Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) is pleased to provide an update with respect to its previously announced debt settlement transaction (the Debt Settlement ) and concurrent private placement. Bengal has now received formal written notification from the Australian Foreign Investment Review Board that it will not object to the Private Placement. As previously announced, the Toronto Stock Exchange (the TSX ) has conditionally approved the Private Placement, subject to Bengal fulfilling all of the requirements of the TSX on or before March 5, 2021.
Subject to the satisfaction of the remaining normal course closing conditions, Bengal expects that closing of the Debt Settlement and concurrent private placement will occur on or prior to February 26, 2021.
Bengal Energy Ltd : Bengal Energy Provides Update on Debt Settlement and Equity Financing finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Bengal Energy Ltd.: Bengal Energy Announces Fiscal 2021 Third Quarter Results and Subsequent Event Notice
Calgary, Alberta (Newsfile Corp. - February 12, 2021) -
Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial results for the third quarter of fiscal 2021 ended December 31, 2020.
Subsequent Event Notice
As previously announced, Bengal has reached an agreement with its senior secured lender Westpac Banking Corporation ( Westpac ) to settle all principal amounts outstanding under the credit facility (the Credit Facility ) and extinguish the debt owing to Westpac (the Debt Settlement ). To facilitate the Debt Settlement, the Company entered into an agreement with Texada Capital Management Ltd. ( Texada ) to invest US$10 million to settle the outstanding debt plus an additional CAD$4 million to assist with the Company s working capital needs and its development activities in the Cooper Basin in the upcoming year. In exchange, Texada will rec
Calgary, Alberta (Newsfile Corp. - January 19, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update on ongoing operational matters.Water Injection Pilot -