Firm invites bond tenders
Source:
The National, Monday July 28th, 2014
HORIZON Oil has invited bondholders to tender convertible bonds for purchase by the company.
The purchase will be for cash and to approve certain modifications to terms and conditions of the bonds, on terms set out in the tender and consent memorandum.
In a statement, Horizon made the invitation with relation to proposed merger with Roc Oil Company Ltd by means of a scheme of arrangement (scheme), early this month.