Gale Force to pay debt in shares

Canadian minnow Gale Force Petroleum will issue as many as 47 million shares to pay unsecured creditors as part of a restructuring plan.

Gale Force: Spins out shares to pay down debt.
Gale Force: Spins out shares to pay down debt.
Published 25 February 2009, 19:42Updated 9 July 2012, 09:05
Americas