Knight Energy amends promissory notes sold to HD Special-Situations

By Devika Patel

Knoxville, Tenn., Oct. 15 - Knight Energy Corp. amended a $4 million 15% senior secured promissory note it sold to HD Special-Situations, LP in a May 20 private placement, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company issued a new $4.25 million note to HD Special-Situations under the Oct. 8 agreement. The new note expires on March 31, 2009 instead of May 20, 2010.

The companies also amended what constituted an event of default under the note.

Based in Coppell, Texas, Knight Energy acquires, develops, owns, operates and invests in energy-related businesses, assets and investments.

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