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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Post by pennydredfulon Mar 12, 2024 4:15pm
66 Views
Post# 35929149

Recap is short for recapitalization

Recap is short for recapitalizationBut  can cover  different  scenarios  :  In  case one  there  is  no   debt  issue  re  creditors but  a shortage of  capital  .  A new player  enters  infusing  more  capital and  takes over  management assuming  all  existing   liabilities   .  In   case  2    the company  has too  much  debt  given  market conditions  and   lower  level  creditors  convert   to  equity  under  a plan  of  arrangement. Usually the top  secured creditor  (  a bank)   has  less  need   to  modify   the  terms  of the debt  they hold but it can happen on ocassion .
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