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Rooster Energy Completes Senior Notes Offering

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October 24, 2012

Rooster Energy Ltd. (Toronto Venuture: COQ) announced that it and two of its wholly-owned subsidiaries Rooster Oil & Gas LLC and Probe Resources US Ltd. have entered into a note purchase agreement, under which the co-issuers have issued senior secured notes due on Oct. 22, 2014 in the aggregate principal amount of $22.55 million.

The proceeds of the notes will be used to repay existing secured indebtedness of the company, certain accounts payable and for other general corporate purposes. ...


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