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Bullboard - Stock Discussion Forum 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 Discussion

Lightstream Resources Ltd. > sept. 9 2016 news release pg.2
View:
Post by reefsandals4eva on Jan 26, 2017 12:20pm

sept. 9 2016 news release pg.2

As previously announced, under certain circumstances, including if the Unsecured Noteholder litigation is not settled in a manner satisfactory to both the Company and the ad hoc committee of certain Secured Noteholders (“the Ad Hoc Committee”) on or before September 16, 2016, or if the Company’s lenders decide to exercise enforcement rights in respect of the Company’s existing credit facility or if the Recapitalization does not receive the requisite approval of each class of securityholders at their respective meetings, the Company will discontinue the Recapitalization and commence proceedings under the Companies’ Creditors Arrangement Act (“CCAA”
Comment by reefsandals4eva on Jan 26, 2017 12:30pm
Do not confuse this with what Pancho2 is referring to.  The July 16 2016 document is the new agreement.
Comment by reefsandals4eva on Jan 26, 2017 1:14pm
I got my date wrong, i meant to say the July 13 2016 news release.
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