Lightstream Resources Ltd. LSTMF

Don't let those Idiots scare you !!

[Pancho2]

We know the recapitalisation was approved so Shareholders will get what was agreed upon.

Summary

CCAA RESTRUCTURING PLAN
On July 12, 2016, the Company entered into a restructuring support agreement (the "Support Agreement") with certain holders of the Company's Secured Notes (the "Ad Hoc Committee") to effect a series of transactions which would result in the recapitalization of the Company's US$650 million 9.875% secured notes due June 15, 2019 (the "Secured Notes"), the Company's US$254 million 8.625% unsecured notes due February 1, 2020 (the
"Unsecured Notes") and the Company's common shares (the "Common Shares"). The proposed recapitalization was intended to be implemented by way of a corporate plan of arrangement under the Canada Business Corporations Act (the "CBCA Plan"). The CBCA Plan was subject to a number of conditions, including that the Company reach a settlement of the litigation with certain holders of the Unsecured Notes by September 16, 2016. As a result of the failure to reach such a settlement, and in accordance with the terms of the Support Agreement, on September 26, 2016, the Company commenced proceedings under the Companies' Creditors Arrangement Act ("CCAA") and obtained an initial order (the "Initial Order") from the Court of Queen's Bench of Alberta. Pursuant to the Initial Order, the Company obtained a stay of proceedings from creditor claims and the exercise of contractual rights and remedies for an initial period expiring October 26, 2016, which was extended to December 16, 2016 subsequent to quarter end. The Company also obtained approval of our proposed sale procedures which are a continuation of the previously initiated sale and investment solicitation process that commenced on July 13, 2016.

[Oldfart74]

It is now over four months since Reignwood purchased 100% of the assets of Lightstream.  Have you seen one share of Reignwood stock in your account?  I expect you'll be posting the same nonsense a year from now.  The reality is the original proposal in the summer of 2016 died.  The credit bid by the secured note holders in late 2016 was accepted and approved by the court. &

[Pancho2]

You are correct, the Credit Bid was approved, so Shareholders will get what was agreed upon ___________________________________________________  Calgary, Alberta – December 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

[Oldfart74]

Pancho, it was an entirely different bid.  You'll still be posting this nonsense next year while you patiently wait for your non-existent shares.