Lightstream Resources Ltd. LSTMF

RE:RE:Distribution of Shares and Warrants

[Pancho2]

I got it off Sedar.

Lightstream and the Ad Hoc Committee made a Support Agreement on July 12, 2016,
and was amended on the 29th Aug 2016 ( hightlighted Shareholders entitlement)

This was filed under the CBCA, as the Plan of Arrangement... but failed

It was then filed under the CCAA as the Sale Procedure
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On Nov 22, LTS announced that the Sales Procedure under the CCAA concluded
and the AD HOC Committee's Bid was the successful Bid.

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Calgary, Alberta – October 28, 2016 – Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the first phase of the sale procedures (”Sale Procedures”) under the Companies’ Creditors Arrangement Act (“CCAA”) in which non-binding indications of interest were received and considered has concluded and, accordingly, qualified bidders will move to the second phase of the sale procedures. The qualified bidders include the ad hoc committee (“Ad Hoc Committee”) of holders of approximately 91.5% of the Company’s 9.875% second lien secured notes due 2019 (“Secured Notes”) who submitted a credit bid for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes, in accordance with the previously disclosed restructuring support agreement entered into between Lightstream and the Ad Hoc Committee on July 12, 2016. The second phase of the Sale Procedures is scheduled to conclude on November 21, 2016 which is the deadline for the submission of binding bids.