E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers M > Headlines for Mediterranean Oil & Gas plc > News item
Published on 11/26/2008 in the Prospect News PIPE Daily.

Mediterranean Oil & Gas extends term of £4.77 million in convertibles held by Stark

By Devika Patel

Knoxville, Tenn., Nov. 26 - Mediterranean Oil & Gas plc reached an agreement with Stark Master Fund Ltd., the holder of its £4.77 million of convertible bonds, to extend the term for conversion or repayment of the bonds.

In a Wednesday press release, the company said the bonds' term will be extended by 18 months to Sept. 30, 2010 from March 31, 2009.

The bonds will continue to be interest free and convertible at any time at 50p per share.

Mediterranean Oil & Gas is a London oil and gas company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.