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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by Fullblaston Feb 02, 2014 10:36pm
249 Views
Post# 22164424

TID expects to complete the restructuring during Q2 2014

TID expects to complete the restructuring during Q2 2014During the restructuring proceedings the Company expects to continue with its day-to-day operations, and employee obligations and any trade payables incurred after today are expected to be paid or satisfied in the ordinary course. The DIP Credit Facility, together with current cash balances of and anticipated cash flow from operations, are expected to provide sufficient liquidity to the Company through the restructuring period

TID to remain halted until delisting. See NR
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