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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Lightstream Resources Ltd. > LSTMF
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Comment by Oldfart74on Mar 21, 2017 1:10pm
242 Views
Post# 26008737

RE:RE:RE:LSTMF

RE:RE:RE:LSTMF
afficheholderon wrote: Which scenarios are conceivable?

This is scenario which has been approved by the court.  Every asset of LTS (including cash) has been acquired by Ridgeback which is owned by the former secured bond holders.  A sum was retained by the Monitor to pay liens which are being reviewed by the Monitor and require approval of the court before. payment.  If, the Monitor has any funds remaining after payment of liens, the excess will be transferred to Ridgeback.  LTS is currently being wound up. It is bankrupt and will soon cease to exist.
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