Lightstream Resources Ltd. LSTMF

RE:RE:RE:Don't let those Idiots scare you !!

[Oldfart74]

Pancho2 wrote: You are correct, the Credit Bid was approved, so Shareholders will get what was agreed upon
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 Calgary, Alberta – December 8, 2016 –
 Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the Court of Queen’s Bench of Alberta has granted an approval and vesting order (“Approval and Vesting Order”) for the previously announced purchase and sale of substantially all of the assets and business of Lightstream (the “Sale Transaction”).
On the Closing Date, holders of the Secured Notes will be issued a pro rata number of common shares of Ridgeback based on the principal amount of Secured Notes held by them and the Secured Notes will be automatically cancelled.

Sale Transaction  -  July 13 2016
In the event that the CBCA Plan Transaction is not approved or is otherwise unable to be completed, as noted above, the Company has agreed to undertake a CCAA Sale Transaction. As part of the proceedings under the CCAA, the members of the Ad Hoc Committee will make (or direct) a credit bid (the "Secured Credit Bid") for the full amount of the claims outstanding in respect of the Secured Notes, which Secured Credit Bid may serve as a stalking horse transaction in the SISP. 

In the event that the Secured Credit Bid is the successful bid, the entity through which the Secured Credit Bid is completed will commit to replicate any consideration that was offered to the Unsecured Noteholders or Shareholders in the CBCA Plan Transaction as part of the Secured Credit Bid, provided that the consideration will only be available to the Unsecured Noteholders or Shareholders if they, as a class, approved the CBCA Plan Transaction at the requisite levels at the meetings held by Lightstream to approve the CBCA Plan Transaction.

Pancho, it was an entirely different bid.  You'll still be posting this nonsense next year while you patiently wait for your non-existent shares.