Arcan Resources Completes $171.25M Debt for Equity Exchange
Portland of counsel Shona Smith and New York associate Amie Broder were mentioned in a May Lexpert article about Arcan Resources Ltd., a Canadian corporation principally engaged in the exploration, development and acquisition of oil and natural gas, completing an exchange of its $171.25 million convertible unsecured subordinated debentures into common shares of Arcan. Per the article, “the exchange was approved at a meeting of its debentureholders and structured as the result of a transaction settled between Arcan and an ad hoc committee of its debentureholders.”
Shona and Amie represented Arcan Resources on securities and tax matters, respectively.