Business News • MarketWire • Tree Island Announces Listing of Debentures |
Tree Island Announces Listing of Debentures |
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Tree Island Announces Listing of Debentures
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2010) - Tree Island Wire Income Fund ("Tree Island" or the "Fund") (TSX:TIL.UN) announced today that it has received final approval from the Toronto Stock Exchange (the "TSX") to list an aggregate $19,750,000 principal amount of 10% second lien convertible debentures (the "Debentures") issued pursuant to the Fund's recently completed rights offering and its private placement that was completed on November 26, 2009. The Debentures mature on November 26, 2014 and are convertible into units of the Fund at a price of $0.50 per unit, subject to adjustment in certain events. The Debentures will be listed and posted for trading on the TSX commencing February 4, 2010 under the symbol "TIL.DB".
View More : http://www.marketwire.com/mw/release.do?id=1111293&sourceType=3
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