Any ideas(guesses) if the volume or share price fluctuations will take place as of (short term) Dec 3 2007?
Oil and Gas Ltd. has entered into a definitive agreement to issue and sell $600-million (U.S.) face value of 10.25 per cent senior secured notes, due Dec. 15, 2015, at a price of 98.657 per cent, resulting in a yield to maturity of 10.50 per cent. The notes have been resold through a syndicate of investment banks to certain institutional investors pursuant to applicable securities law exemptions. The completion of the note financing is anticipated to occur on Dec. 3, 2007, and is subject to the finalization of definitive documentation and other customary closing conditions.