Pacific Exploration's shares to be delisted before end of May
The common shares of Pacific Exploration & Production Corp (TSX: PRE) will be delisted from the Toronto Stock Exchange effective at the close of market on May 25th. Shares trading will remain suspended until then. The delisting is the result of Pacific Exploration's restructuring agreement with debt-holders, including Canadian private equity firm Catalyst Capital Group. Announced earlier this month, the deal will see about US$5.3 billion of the company's debt converted to equity. Toronto-based Pacific Exploration is an explorer and producer of natural gas and crude oil in Latin America.
26 April 2016•6 mins read
