The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Petrominerales Secures Votes to Approve Extension at Upcoming Bondholders' Meeting

Tuesday, June 25, 2013

Petrominerales Secures Votes to Approve Extension at Upcoming Bondholders' Meeting

15:19 EDT Tuesday, June 25, 2013

CALGARY, ALBERTA--(Marketwired - June 25, 2013) - Petrominerales (TSX:PMG) (BVC:PMGC) announced on June 20, 2013 the intention to call a bondholders' meeting for its 2.625 per cent Petrominerales Ltd. Senior Unsecured Convertible Bond Issue 2010/2016, issued by its indirect wholly-owned subsidiary Petrominerales Bermuda Ltd. (the "Company"), to be held July 5, 2013 (the "Bondholders' Meeting").

Based on contact with Bondholders to-date, the Company has reached agreement with holders of more than two thirds of the outstanding Bonds on the proposed amendments to the Bond Agreement. As a result, the Company expects the proposed changes will be passed at the July 5th Bondholders' Meeting.

ABG Sundal Collier Norge ASA ("ABG") acted as financial advisor to Petrominerales for this extension.

Petrominerales Ltd. is an international oil and gas company operating in Latin America since 2002. Our high-quality land base and multi-year inventory of exploration and development opportunities in Colombia, Perú and Brazil provide long-term growth potential for years to come.

Forward-Looking Statements and Cautionary Language. Certain information provided in this press release constitutes forward-looking information. Specifically, this press release contains forward-looking information relating to the calling of the Bondholders' Meeting and the Company's intention and ability to satisfy the Bondholders' Put Option in the event the amendments to the Bond Agreement are not approved at the Bondholders' Meeting. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of some of those risks and uncertainties in our Canadian securities filings. Except as may be required by applicable securities laws, Petrominerales assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.


Contact Information:
Petrominerales Ltd.
Corey C. Ruttan
President and Chief Executive Officer
+1.403.705.8850 or +571.629.2701

Petrominerales Ltd.
John Koch
Chief Operating Officer
+1.403.705.8850 or +571.629.2701

Petrominerales Ltd.
Kelly D. Sledz
Chief Financial Officer
+1.403.705.8850 or +571.629.2701

ABG Sundal Collier ASA
Mark Philip Gretton
+47 22 01 60 00

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections