GREY:LSTMF - Post by User
Comment by
Pancho2on Dec 26, 2016 12:32pm
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Post# 25643640
RE:What Shareholders might get
RE:What Shareholders might get July 12, 2016
Terms of the Support Agreement
"existing Shareholders will hold a total of 2.25% of the then-outstanding Common Shares and existing Shareholders will also receive Series 2 warrants equal to 7.75% of the total number of issued Common Shares (the Series 2 warrants will be exercisable for a period of five years following the effective date of the CBCA Plan Transaction and have a sliding scale exercise price between CDN$12.88 and CDN$14.96),"
In the event that the Secured Credit Bid is not the successful bid that is approved in the proceedings under the CCAA and the Secured Noteholders are repaid the full amount of their claims in respect of the Secured Notes, then upon receipt of such repayment, the members of the Ad Hoc Committee have agreed to make CDN$20 million available to the Shareholders
Nov 22, 2016)
- Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the sale procedures under the Companies' Creditors Arrangement Act ("CCAA") have concluded and that the credit bid ("Credit Bid") submitted by the ad hoc committee of holders of approximately 91.5% of the Company's 9.875% second lien secured notes due 2019 is the successful bid.