Orange Standstill agreement expires today..
Pursuant to the terms of the Settlement Agreement entered into on December 12, 2014 between Orange Capital, on behalf of OCMI, OCOI and OCOIB which are investment funds managed by it (collectively, "Orange") and Bellatrix Exploration Ltd. ("Bellatrix"), the standstill restrictions imposed on Orange expired on November 30, 2015. Orange, including Daniel Lewis, a director of Bellatrix, continues to work collaboratively with Bellatrixs management and the other members of the board of directors with the shared goal of maximizing long-term value for all shareholders. Orange beneficially owns and controls 32,727,712 common shares, representing approximately 17.0% of the issued and outstanding common shares of Bellatrix (Shares) based on 191,963,910 Shares issued and outstanding as stated by Bellatrix in its managements discussion and analysis for the third quarter ended September 30, 2015 (the Outstanding Shares). Orange also beneficially owns and controls US$15,000,000 8.5% senior unsecured notes due May 15, 2020. By virtue of his role as Managing Member of Orange Capital, Daniel Lewis has control or direction over all of the Shares beneficially held by Orange Capital which are held by OCMI, OCOI and OCOIB.