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."

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Lightstream Resources Ltd. > Recapitalization question for Pancho2

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Comment by Pancho2on Apr 17, 2018 11:47am

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Post# 27897731

RE:RE:RE:RE:RE:RE:RE:Recapitalization question for Pancho2

Remember what was sold to the New Company as per Credit Bid was
not the old Shares, but the Debt

" In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the “Secured Credit Bid”) for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes"

The Old Shares were transferred to the New Company

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A junior copper-gold stock trading at a bargain of monumental proportions