Delays interest paymentBUZZ-Lightstream Resources Ltd: Delays interest payment
| 15 Jun 2016 11:13 ET |  |
** Canadian oil and gas producer's shares down 4.6 pct at 20 Canadian cents
** Shares drop as much as 14 pct; biggest loss in more than a month
** Delays interest payment of $321.1 mln to debtholders (https://bit.ly/28EzP5d)
** In talks with debtholders on potential restructuring, including converting debt to equity
** Co has until July 15 to make payment to avoid default
** Outstanding net debt C$1.6 bln ($1.24 bln) as of Dec 31, 2015
** Up to Tuesday's close, shares had fallen 81 pct in the last 12 months