Cardinal Energy Ltd. Announces Approval of Debenture Amendments and Commencement of Exchange Right

Jun 19, 2020

CALGARY, Alberta, June 19, 2020 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) announces that 99.54% of the holders of our 5.50% convertible debentures that voted at the extraordinary meeting of debentureholders held earlier today have voted in favour of a resolution approving certain amendments to the debentures. As a result, all debentureholders now have the right to exchange their debentures for a new series of 8.00% convertible debentures. This right must be exercised prior to 5:00 p.m. (Eastern time) on Monday, July 20, 2020 (unless otherwise terminated, extended or amended by us).

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