The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Bengal Energy Extends Maturity Date of $1.75 Million Private Placement Non-Convertible Notes

Thursday, April 18, 2013

Bengal Energy Extends Maturity Date of $1.75 Million Private Placement Non-Convertible Notes

09:00 EDT Thursday, April 18, 2013

CALGARY, April 18, 2013 /CNW/ - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") 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 July 24, 2013 to January 24, 2014.  As consideration for the extension of the maturity date, Bengal and the holders have also agreed that the interest rate payable under the Non-Convertible Notes will be increased to 10% per annum from prime plus 3% effective July 25, 2013.

About Bengal

Bengal Energy Ltd. is an international junior oil and gas exploration and production company based in Calgary, Alberta. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal trades on the TSX under the symbol BNG. Additional information is available at

SOURCE: Bengal Energy Ltd.

For further information:

Bengal Energy Ltd.
Chayan Chakrabarty, President and CEO
Bryan Goudie, Chief Financial Officer
(403) 205-2526

  • 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