Canacol Energy Ltd. Addresses Concerns Regarding Debt Obligations and Liquidity
Any speculation that the Corporation may not be paying its next coupon is completely false and Canacol reaffirms its commitment to meet all its future financial obligations.
- Any speculation that the Corporation may not be paying its next coupon is completely false and Canacol reaffirms its commitment to meet all its future financial obligations.
- Discontinuing the dividend increases balance sheet flexibility and cash liquidity in the short term and is in the best interest of all stakeholders.
- In addition, the Corporation has access to additional sources of liquidity, if needed, such as the sale of non-core, non-gas assets.
- The Corporation is preparing a press release concerning its most recent gas discovery, Pomelo 1, which shall be issued shortly.