North American Construction Group Ltd 6-K, filed Apr 6, 2020
North American Construction Group Ltd. (NOA)
About this 6-K
North American Construction Group Ltd filed this 6-K on April 6, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2020
Commission File Number: 001-33161
North American Construction Group Ltd.
(Translation of registrant's name into English)
North American Energy Partners Inc.
(Former Name)
27287- 100 Avenue
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ___
Documents Included as Part of this Report
| Exhibit No. | News Release | |
| 99.1 | NORTH AMERICAN CONSTRUCTION GROUP LTD. COMPLETES REDEMPTION OF 5.50% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| North American Construction Group Ltd. | |||
| Date: April 6, 2020 | By: | /s/ Martin Ferron | |
| Name: | Martin Ferron | ||
| Title: | Chairman and Chief Executive Officer | ||
EXHIBIT 99.1
NORTH AMERICAN CONSTRUCTION GROUP LTD. COMPLETES REDEMPTION OF 5.50% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES
ACHESON, Alberta, April 06, 2020 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced that it has completed the previously announced redemption (the “Redemption”) of all of its outstanding 5.50% convertible unsecured subordinated debentures due March 31, 2024 (the “Debentures”), being $38,605,000 aggregate principal amount of Debentures. An aggregate of 4,583,655 voting common shares of the Company (“Common Shares”) were issued pursuant to the Redemption. As at the date hereof (the “Redemption Date”), the current market price of the Common Shares (calculated in accordance with the terms of the indenture governing the Debentures) was approximately $8.87 per Common Share. The Company paid all accrued and unpaid interest up to but excluding the Redemption Date, in cash.
The Debentures will cease trading on the Toronto Stock Exchange subsequent to the Redemption Date.
About the Company
North American Construction Group Ltd. (www.nacg.ca) is one of Canada’s largest providers of heavy civil construction and mining contractors. For more than 65 years, NACG has provided services to large oil, natural gas and resource companies.
For further information contact:
Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
(780) 948-2009
jveenstra@nacg.ca
www.nacg.ca