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Endeavour International Corporation Message Board

  • pantoe2 pantoe2 Dec 26, 2007 4:25 PM Flag

    2.36 a share investment! awesome news!

     

    Co announced that it has signed an agreement with the Smedvig Family Office of Norway for a current investment of $40 mln (USD) and with the intent to increase that investment to a total of $100 mln (USD) in the future to support the strategic activities of END. This investment will take the form of a convertible note and is expected to close in mid-January upon completion of required consents and approvals... The convertible notes, due January 2014, have an initial conversion price of $2.36, a 74% premium to the closing price of END common stock on December 24, 2007.

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