Karsten Energy Corp.: Karsten Issues Additional Subordinated Convertible Notes Due 2024

Karsten Energy Corp.: Karsten Issues Additional Subordinated Convertible Notes Due 2024
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
VANCOUVER, BC / ACCESSWIRE / July 29, 2021 / Further to its press release dated May 27, 2021, Karsten Energy Corp. ("
Karsten" or the "
Company") is pleased to announced today that it has issued an additional $4.536 million of Subordinated Convertible Notes due 2024 (the "
Notes") pursuant to the terms of a trust indenture with an institutional trustee.
The Company intends to use the net proceeds of the issuance to increase its investment in secured convertible notes of the Final Bell Group and for general working capital. All Notes are subject to statutory hold periods expiring four months and one day from the date of issuance, pursuant to applicable Canadian securities laws.

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