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Cardinal Energy Ltd. Completes Redemption of 8.00% Convertible Debentures

/EIN News/ CALGARY, Alberta, March 11, 2021 (GLOBE NEWSWIRE) Cardinal Energy Ltd. (
Cardinal or the
Company ) (TSX: CJ; CJ.DB.A) announced today that it has completed the previously announced redemption of its 8.00% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the
Debentures ). Prior to the redemption date, Cardinal issued 22,410,000 common shares upon the voluntary conversion of $28,013,000 principal amount of the Debentures representing approximately 99.3% of the outstanding Debentures. The redemption of the remaining $194,000 principal amount of the Debentures was funded through the Company s credit facility. As the majority of the Debentures were converted into common shares, the redemption financing of unsecured subordinated non-convertible debt announced in our February 4, 2021 press release was not completed. The Debentures were delisted today from the Toronto Stock Exchange. ....

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Cardinal Health to sell Cordis medical device business in $1 billion deal

2 Min Read
(Reuters) - Cardinal Health Inc will sell its Cordis medical device business to private equity firm Hellman & Friedman in a deal valued at about $1 billion, the drug distributor said on Friday.
The sale of the unit acquired in 2015 from Johnson & Johnson for $1.9 billion comes as drug distributors look to slim down after a rapid pace of consolidation.
Rival AmerisourceBergen Corp last year decided to shut down its compounding pharmacy business, PharMEDium, after struggling with regulatory hurdles and losses.
“This is the latest example of the drug wholesalers unwinding assets snatched up as the industry looked to consolidate over the past 5 years, with the common trend being buying high and selling lower,” Raymond James analyst Alex Ruscher said of the Cordis deal. ....

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Liberałowie biorą Episkopat USA? Kard. Tobin powołany do Kongregacji ds. Biskupów

Liberałowie biorą Episkopat USA? Kard. Tobin powołany do Kongregacji ds. Biskupów
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Cardinal Energy Ltd. Announces 2020 Year-End Reserves

Cardinal Energy Ltd. ( Cardinal or the Company ) (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2020. One ....

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Half-Male, Half-Female Cardinal Spotted (PHOTOS)

It’s called a ‘bilateral gynandromorph.’ Half of its body is male and the other half is female. Its colors split right down the middle. ....

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