| Equal Energy Announces Change to Convertible Debenture Conversion Price | |
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OKLAHOMA CITY, May 30, 2014 /PRNewswire/ - Equal Energy Ltd. (EQU) (TSX:EQU.TO) announces that the May 28, 2014 common stock dividend payment of US $0.05 per share has resulted in an adjustment to its outstanding 6.75% Convertible Debentures due March 31, 2016 (the "Debentures"). Under the terms of the indenture, the conversion price for the Debentures is reduced from CAD $8.55 to $8.47. In addition, each Debenture is now convertible into 118.06 common shares of Equal. About Equal Energy: Equal Energy is an oil and gas exploration and production company based in Oklahoma City, Oklahoma. Our oil and gas assets are centered on the Hunton liquids-rich natural gas property in Oklahoma. Our shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (EQU). Our convertible debentures are listed on the Toronto Stock Exchange under the symbols EQU.DB.B.
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Equal Energy Ltd
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CODE : EQU |
ISIN : CA29390Q1090 |
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Equal Energy is a exploration company based in United states of america. Equal Energy is listed in Canada and in United States of America. Its market capitalisation is US$ 3.0 billions as of today (€ 2.2 billions). Its stock quote reached its lowest recent point on March 06, 2009 at US$ 1.17, and its highest recent level on April 30, 2010 at US$ 8.71. Equal Energy has 544 510 016 shares outstanding. |