Pacific elects to utilize grace period in respect of March interest payment

- Oil and Energy
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Pacific elects to utilize grace period in respect of March interest payment (CNW Group/Pacific Exploration and Production Corporation)TORONTO, March 21, 2016 /CNW/ – Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that it has elected to not make the interest payment due on March 28, 2016 in connection with its 5.125% notes due 2023 (the “2023 Notes”). The failure to make such interest…