The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A pump jack is seen in this file photo.
A pump jack is seen in this file photo.
(© Todd Korol / Reuters/REUTERS)

Subscribers Only

Payout on Stetson’s preferred shares still unknown

Investors who hold Stetson Oil and Gas Ltd. preferred shares will have to wait a little while longer before they know the size of the special payout on these securities.

In 2008, Stetson issued 85 million prefs to existing common shareholders, promising to give the owners “the proceeds of any non-appealable judgment or settlement monies” earned in connection with its lawsuit against Thomas Weisel.