Past year: ▼ 58%(28.0c – 71.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 July 2005capital raising announcement● NeutralMajor
On June 30, 2005 Kestrel entered a new three-year revolving credit agreement with Samson Oil & Gas N.L., described as its majority shareholder, with a $3,500,000 note at 5.25% interest, paid monthly. Samson can convert unpaid principal and interest into Kestrel shares at $1.50 per share, and Kestrel director Neil MacLachlan is also a Samson director. This follows Samson's conversion of the earlier $200,000 note earlier in June.
6 June 2005capital raising announcement● NeutralMajor
Samson Oil & Gas N.L. converted the full $200,000 outstanding under a 2003 revolving credit note (originally from former officer/director Barry D. Lasker, assigned to Samson in February 2004) into 500,000 Kestrel shares at $0.40 per share. The note was secured by the company's Campbell County, Wyoming oil and gas interests and had been extended to May 2006; this conversion retires that debt and adds shares.
