OKLAHOMA CITY, July 2, 2013 /CNW/ - Equal Energy Ltd. (NYSE: EQU)
(TSX:EQU.TO) announces that the June 30, 2013 common stock dividend
payment of US $0.05 per share has resulted in an adjustment to its
outstanding 6.75% Convertible Debentures due March 31, 2016 (the
"Debentures"). Under the terms of the indenture, the conversion price
for the Debentures is reduced from $8.85 to $8.73. In addition, each
Debenture is now convertible into 114.55 common shares of Equal.
About Equal Energy:
Equal Energy is an oil and gas exploration and production company based
in Oklahoma City, Oklahoma. Our oil and gas assets are centered on the
Hunton liquids-rich natural gas property in Oklahoma. Our shares are
listed on the New York Stock Exchange and the Toronto Stock Exchange
under the symbol (EQU). Our convertible debentures are listed on the
Toronto Stock Exchange under the symbols EQU.DB.B.
SOURCE: Equal Energy Ltd.
For further information:
VP and CFO