PA Resources is contemplating issuing a new bond loan

(Thomson Reuters ONE) - The oil and gas company PA Resources AB is contemplating issuing anew unsecured bond loan of NOK 300 - 500 million.The total amount of the new bond loan will be a minimum of NOK 300million and a maximum of NOK 500 million (equivalent to approximatelySEK 369 - 615 million). The new unsecured bond loan will have amaturity date in March 2011.- The net proceeds of the bonds will be used for general corporatepurposes as well as to refinance the existing bond loan which expiresin March 2010, says Bo Askvik, Executive Vice President and CFO of PAResources AB.Fearnley Fonds ASA and Pareto Securities AS have been appointed asManagers for the new bond issue.Stockholm, December 1, 2009PA Resources AB (publ)For further information, please contact:Bo AskvikExecutive Vice President and CFOPA Resources ABTelephone: +46 708 19 59 18E-mail: bo.askvik(at)paresources.sePA Resources AB (publ) is an international oil and gas group with thebusiness strategy to acquire, develop, exploit and divest oil and gasreserves, as well as explore new findings. The Group operates inTunisia, United Kingdom, Denmark, Greenland, Netherlands, EquatorialGuinea and the Republic of Congo (Brazzaville). PA Resources is todayone of the largest oil producers in Tunisia and is also producing oilin the Republic of Congo. The parent company is located in Stockholm,Sweden.PA Resources' net sales amounted to SEK 2,420 Million during 2008.The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm,Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway(segment OB Match). For additional information, please visitwww.paresources.se.http://hugin.info/130006/R/1358196/330617.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 01.12.2009 - 08:45 Uhr
Sprache: Deutsch
News-ID 9071
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