TORONTO, Feb. 8, 2016 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that following the conversion of $ 5,768,500 face value of the 7.5% convertible debentures into 1,058,106,199 (~ 11.32 %) of Anderson Energy Inc. K2 now holds 1,057,916,199 shares (~11.32 %) of the 9,343,965,147 issued and outstanding common shares of the Company and $2,842,000 face value of 7.25% convertible debentures maturing June 30, 2017 convertible at $1.70 per share, which would convert in 1,671,764 shares totaling 11.34% of the then issued and outstanding shares. Should these securities be converted K2 would own 11.34% of the total outstanding shares.
K2 acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other securities of AXL through market transactions, private agreements or otherwise.
SOURCE K2 and Associates Investment Management Inc.
For further information: Dan Gosselin, The K2 Principal Fund L.P., (416) 365-2155