Ontrea Inc.

December 02, 2010 14:26 ET

Ontrea Inc. Announces Series B Debentures Redemption Price Information

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2010) -

Attention Business Reporters and Editors:

Ontrea Inc. (the "Company") announced today the following redemption price of the Series B Debentures described below (the "Series B Debentures") which are to be redeemed on December 9, 2010:

C$600,000,000, 5.57% Debentures, Series B, due April 9, 2013 (CUSIP No. 683375AB5)

Accrued and unpaid interest: $5,585,260.27 (approximately $9.31 per $1,000 principal amount)

Make-Whole Amount: $50,419,048.67 (approximately $84.03 per $1,000 principal amount)

Total Redemption Price: $656,004,308.94 (approximately $1,093.34 per $1,000 principal amount)

All of the Series B Debentures are to be redeemed. The redemption is more fully described in the Company's news release of November 9, 2010. Additional terms and conditions are contained in the notice of redemption that was provided to, among others, the registered holder of the Series B Debentures (CDS Clearing and Depository Services Inc.) ("CDS").

Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Series B Debentures through CDS should contact their CDS customer service representatives with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the Series B Debentures on their behalf.

Contact Information

  • Ontrea Inc.
    Corporate Communications