Ensign Closes $25 Million Private Placement of Unsecured, Subordinated Convertible Debentures
Ensign Energy Services Inc. ("Ensign" or the "Corporation") (TSX: ESI) is pleased to announce the closing of a non-brokered private placement (the "Offering") of unsecured, subordinated convertible debentures of the Corporation (the "Debentures"), for gross proceeds of CAD $25 million. The Debentures bear interest from the date of closing at 7.50% per annum, payable semi-annually in arrears, on April 1 and October 1 of each year, with the first payment of interest due on April 1, 2025. The Deben