Twin Butte Energy Ltd TBTEF

Second report from reciver is out

[BobTheKnob2]

The second report from the receiver is out and has been uploaded to the Receiver's website. In there is included correspondence from the Ad Hoc Group who have indicated a willingness to do a pre-emptive restructuring within 7 days. This was denied, however the Receiver has indicated a willingness to entertain a restructuring.

However, the sales process should begin tomorrow (if it did not begin already when the court order was given). There is a court order dated Oct 11 for the sales process to begin which is also located on the Receiver's website.

The deadline for Phase One restructuring or bid proposals is Novemeber 17.

Here are some links:

https://cfcanada.fticonsulting.com/TwinButte/docs/Receiver's%20Second%20Report%20(w%20appendix%20A%20&%20B)_Oct%207,%202016.pdf

https://cfcanada.fticonsulting.com/TwinButte/docs/CAN_DMS_104414000_v1_Order%20(Approval%20of%20SISP).pdf