|By Marketwired .||
|January 3, 2014 06:00 AM EST||
MELBOURNE, AUSTRALIA -- (Marketwired) -- 01/03/14 -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Solimar Energy Limited (ASX: SXS)(TSX VENTURE: SXS) ("Solimar" or "the Company") provides notice to the holders of outstanding debentures ("February Debentureholders"), which were issued pursuant to the trust indenture dated February 10, 2012, as amended July 27, 2012 (the "Indenture"), that the Company has satisfied its obligation to pay the principal and remaining interest to February Debentureholders on December 31, 2013 by issuing an aggregate of 24,529,905 common shares of the Company ("Debenture Repayment Shares").
The Company reminds the February Debentureholders that their receipt of their portion of the Debenture Repayment Shares will only be effected upon their presentation and surrender of the original debenture certificate to Computershare Trust Company of Canada (the trustee under the Indenture) at its principal trust office in Calgary, Alberta.
Solimar has also issued 1,423,490 common shares ("shares") to the holders of those debentures issued on 31 July 2012 ("June Debentures") in satisfaction of its obligation to pay interest on the June Debentures for the December 2013 quarter under the terms of the debenture indenture dated June 26, 2012 as amended August 14, 2013.
The shares and Debenture Repayment Shares issued to satisfy the interest have been made under the Company's 15% placement capacity per ASX Listing Rule 7.1.
An application for quotation on ASX of the shares and Debenture Repayment Shares is being made.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABN 42 112 256 649
Solimar Energy, LLC
+1 805 643 4100 or (03) 9347 2409