Lightstream Resources Ltd. LSTMF

RE:RE:RE:No stock symbol anymore...

[bushhog1]

From Sedar. com.

Lightstream

On July 13, 2016

Calgary, Alberta – July 12, 2016 – Lightstream Resources Ltd. ( has entered into a restructuring support agreement (the "Support Agreement") with members of the Ad Hoc Committee holding approximately 91.5% of the Secured Notes

"existing Shareholders will hold a total of 2.25% of the then-outstanding Common Shares and existing Shareholders will also receive Series 2 warrants equal to 7.75% of the total number of issued Common Shares (the Series 2 warrants will be exercisable for a period of five years following the effective date of the CBCA Plan Transaction and have a sliding scale exercise price between CDN$12.88 and CDN$14.96)"

Sept 19, 2016

As a result of the failure to reach such a settlement, in accordance with the terms of the Support Agreement, the Company is required to discontinue our currently contemplated plan of arrangement under the Canada Business Corporations Act (the "CBCA Arrangement"), commence proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and seek an initial order under the CCAA for the purposes of implementing a sale transaction under the CCAA (a "CCAA Sale Transaction") by way of a credit bid by the Secured Noteholders or other form of transaction within the CCAA proceedings acceptable to both the Company and the Ad Hoc Committee, all subject to the terms and conditions of the Support Agreement.

The Sale Transaction under the CCAA is the Support Agreement made on the 13 th July 2016

Dec 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”) for the full amount of the claims outstanding in respect of the Company’s 9.875% second lien secured notes due 2019 (“Secured Notes”) and debt in priority to the Secured Notes. 
The Sale Transaction has also received approval under the Investment Canada Act.

Lightstream was not Bankrupt