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CALGARY, AB / ACCESSWIRE / January 13, 2021 / Perisson Petroleum Corporation (“Perisson” or the “Company”) (TSXV:POG) is pleased to update its shareholders concerning the planned conversion of outstanding debentures debt. As previously announced, the Holders of the Company’s outstanding $3,000,000 and $4,000,000 in convertible debentures agreed to convert all outstanding principal, interest and penalties at conversion prices of $0.055 and $0.050, respectively, resulting in the retirement of all obligations totalling $11,360,977,28 from Perisson’s balance sheet at September 30, 2020, and the future issue of 216,498,212 common shares (the “Conversion Shares”) as and when requested by the Holders. Today the Company is issuing 10,000,000 Conversion Shares at the request of the Holders. The shares issued in connection with the conversion of the debentures will be subject to a four-month hold period and are subject to the TSX Venture Exchange’s approval. About Perisson Petroleum Corporation Perisson Petroleum Corporation is listed on the TSX Venture Exchange and trades under the symbol “POG.” The Corporation has ownership in certain oil and gas producing properties in the Twining and Wainwright areas of Alberta, Canada. For Further Information, Please Contact: Gary Chen CEO 403.800.0042 ext. 8888 Brad R. Perry, CPA, CMA CFO 403.800.0042 ext. […]
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