Norse Energy Corp. - 2011-08-23
Description
The company has reported that its US subsidiary, Norse Energy Holdings Inc., has purchased US$8.0 million nominal value of the company's NEC 02 bonds in open market purchases at a discount from par. The company will record an approximately US$2.4 million gain on the early extinguishment of debt as a result of the transactions after the recognition of unamortized bond issuance expense primarily related to the NEC K warrants.