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Lightstream Resources Ltd. LSTMF

"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

Comment by Pancho2on Jun 14, 2017 4:12pm
328 Views
Post# 26363280

RE:RE:OldFart will get nothing for his 50 shares

RE:RE:OldFart will get nothing for his 50 sharesWow.. you still on this board. i thought a guy with no share would
be elsewhere. Well then, maybe you are John Wright.

Again,
LTS made a Support agreement (recapitalization)with the Ad hoc company for them to
take over and run LTS.
In the Support Agreement the old shareholders will get 2.25% of this new restructured
Company plus warrants.

The Support Agreement failed when it was implemented under the CBCA (Plan Transaction)
because the Unsecured Bondholders were trying to legally stop this process.

The Support Agreement was then implemented under the CCAA ( Sales Transaction) via 
a Credit Bid.This process blocked the Unsecured Bondholders from taking legal courses against the Company. 

The Credit Bid accepted and the deal was finalised by the Courts hence the Support Agreement was passed and approved by the Court,so Shareholders will get what was stated therein.

It was clearly stated the Shareholders will get 2.25% plus warrants in the new restructured
Company whether its still LTS or with a new name

Please show me where this Support Agreement was changed to omit the old Shareholders.

Nice to still hear from you OldFart.
 
.



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