01:02 PM EST - First Calgary Petroleums Ltd. : is issuing US$267 million worth of convertible debt "to implement the company's independent development strategy in respect of its Algerian assets." First Calgary said Thursday it has arranged a bought deal with Canaccord Adams and J.P. Morgan Securities for 2,670 five-year unsecured bonds with a face value of US$100,000 each and a coupon of nine per cent. First Calgary Petroleums Ltd.
shares T.FCP are trading down 29 cents at $3.25.
