Cadence Energy Announces Expiry of Offer to acquire Debentures



    (TSX: CDS)

    CALGARY, June 4 /CNW/ - Cadence Energy Inc. ("Cadence"), formerly Kereco
Energy Ltd., announces that its offer dated April 29, 2008 (the "Offer") to
purchase all of its issued and outstanding 4.75% Convertible Unsecured
Subordinated Debentures due June 30, 2012 (the "Debentures") has expired and
no Debentures will be purchased by Cadence under the Offer. Cadence's
obligation to take up and pay for Debentures pursuant to the Offer was subject
to certain conditions which were not met, including the condition, that at
least 90% of the outstanding principal amount of the Debentures shall have
been deposited under the Offer and not withdrawn prior to the expiry time.
Approximately 41% of the $70 million principal amount of outstanding
Debentures had been deposited to the Offer.

    %SEDAR: 00021661E




For further information:

For further information: Cadence Energy Inc., Grant Fagerheim, President
and Chief Executive Officer, Phone: (403) 290-3401

Organization Profile

Barrick Energy Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890