The K2 Principal Fund L.P. Acquires Common Shares of Anderson Energy Inc.

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

Organization Profile

K2 and Associates Investment Management 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