Bengal Energy Announces Extension of Maturity Date of $1.75 Million Private Placement Non-Convertible Notes
24 Gennaio 2014 - 11:16PM
Marketwired
Bengal Energy Announces Extension of Maturity Date of $1.75 Million
Private Placement Non-Convertible Notes
CALGARY, ALBERTA--(Marketwired - Jan 24, 2014) - Bengal Energy
Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces that it
has agreed with the holders of Bengal's $1,750,000 aggregate
principal amount of non-convertible notes ("Non-Convertible Notes")
to extend the term of the Non-Convertible Notes from January 24,
2014 to January 24, 2015 and to provide the holders with the right
to demand repayment on at least 15 business days prior written
notice to Bengal. All of the Non-Convertible Notes are held by
insiders of the Company.
About Bengal
Bengal Energy Ltd. (TSX:BNG) is an international oil and gas
exploration and production company with producing and prospective
light oil-weighted assets in Australia and India. Bengal offers
exposure to lower risk current production and cash flow, combined
with longer-term high potential impact exploration projects. The
Company's strategy is to achieve per share growth in cash flow,
production and reserves while establishing an attractive portfolio
of future drilling and exploration opportunities.
Additional information is available at www.bengalenergy.ca.
Bengal Energy Ltd.Chayan ChakrabartyPresident & Chief
Executive Officer(403) 205-2526Bengal Energy Ltd.Jerrad
BlanchardChief Financial Officer(403)
205-2526investor.relations@bengalenergy.cawww.bengalenergy.ca
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