CALGARY, Alberta, July 20, 2020 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal") (TSX:CJ, Financial) announces that approximately 62% of the outstanding principal amount of its 5.50% convertible debentures have exercised their right to exchange their debentures for a new series of 8.00% convertible debentures. In addition, Cardinal has elected to extend the period of time that debentures can be exchanged from 5:00 p.m. (Eastern time) on Monday, July 20, 2020 to 5:00 p.m. (Eastern time) on Tuesday, August 4, 2020.
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