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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Lightstream Resources Ltd. > Lighstream lawsuit -white law group
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Comment by Pancho2on May 09, 2017 4:48pm
379 Views
Post# 26222948

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lighstream lawsuit -white law group

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Lighstream lawsuit -white law groupOldFart wrote,

"Lightsream has no assets, not even a pencil.  Every asset was sold to Ridgeback in exchange for the secured notes payable"
__________________________________________________________
 Again,

OldShareholders will get their 2.25% of Ridgeback

Its creditors received shares in the new firm based on how much Lightstream debt they held.
https://www.cbc.ca/news/canada/calgary/lightstream-ridgeback-takeover-new-identity-2017-1.3916621
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Dec 08, 2016

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.
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