May 2 (Reuters) - Bellatrix Exploration Ltd BXE.TO :
* BELLATRIX ANNOUNCES ACQUISITION AND RETIREMENT OF US$10 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2020
* ENTERED INTO AN EXCHANGE AGREEMENT WITH A HOLDER OF ITS 8.50% SENIOR UNSECURED NOTES DUE MAY 15, 2020
* PURSUANT TO EXCHANGE AGREEMENT, SENIOR NOTES WILL BE ACQUIRED AT A 10% DISCOUNT TO THEIR FACE VALUE