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Stetson Oil & Gas Ltd. Redeems, Delists Preference Shares

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January 14, 2014

Stetson Oil Gas Ltd. (TSXV: SSN.V) said Jan. 13 it will redeem and delist all issued and outstanding preference shares, issued Nov. 18, 2008, on Jan. 20. The preference shares were issued six years ago in connection with Stetson’s claim against Stifel Nicolaus Canada Inc. (NYSE: SF) (formerly Thomas Weisel Partners Canada Inc.) for failed bought-deal financing, Stetson said.

The redemption price will be one hundredth/cent (CA$ 0.0001) per share in cash, the company said. This represents the amount of the preference shares’ paid-up capital, the company added.

After Jan. ...


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