American Eagle Energy Announces Forbearance Agreement

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Go back to American Eagle Energy Announces Forbearance Agreement

American Eagle Energy (AMZG) Announces Entry into Forbearance Agreement

April 7, 2015 4:06 PM EDT

American Eagle Energy (NYSE: AMZG) announces that on April 2, 2015, the following events occurred in respect of the Notes (the "August Notes") that the Company sold in August 2014:

The Company entered into a Forbearance Agreement with four holders (the "Ad Hoc Group"), who collectively own or manage in excess of 50% (face amount) of the August... More