Home Oil Company Limited
| Company Deal | 6% convertible subordinated debentures due January 15, 1975 |
|---|---|
| Transaction Type | Convertible Subordinated Debentures |
| Deal Description | Home Oil Company Limited added the net proceeds from this transaction to its general funds, and they were available for retirement in part of bank loans, for meeting investment and capital expenditures, and for other general corporate purposes. The company's capital expenditures since 1957 included investments in Trans-Canada Pipe Lines Limited, oil pipeline investments, gas- processing plants and gathering systems, and acquisitions of oil and gas properties. |