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Connacher Oil & Gas Ltd CLLZF

Energy Oil & Gas Integrated
"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Connacher Oil & Gas Ltd > News Alert Sent 4:51PM ET 08/22/2018
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Comment by G1945Von Aug 23, 2018 1:19pm
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Post# 28506843

RE:News Alert Sent 4:51PM ET 08/22/2018

RE:News Alert Sent 4:51PM ET 08/22/2018Well that's all folks!

"As the cash consideration being paid by the Plan Sponsor under the plan, along with Connacher's adjusted existing cash, is insufficient to pay all of the claims of creditors of Connacher in full, no value will accrue to Connacher's shareholders as a result of the implementation of the Plan and the outstanding shares and options of Connacher will be cancelled for no consideration and without any vote of the existing shareholders."



G1945V

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