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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

Energy Oil & Gas Equipment & Services

TSX:TID - Post Discussion

Tuscany International Drilling Inc > TID expects to complete the restructuring during Q2 2014
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Post by Fullblast on Feb 02, 2014 10:36pm

TID expects to complete the restructuring during Q2 2014

During the restructuring proceedings the Company expects to continue with its day-to-day operations, and employee obligations and any trade payables incurred after today are expected to be paid or satisfied in the ordinary course. The DIP Credit Facility, together with current cash balances of and anticipated cash flow from operations, are expected to provide sufficient liquidity to the Company through the restructuring period

TID to remain halted until delisting. See NR
Comment by khaledb on Feb 02, 2014 10:48pm
The new debt is 237 millions (202 + 35).     ..... Less assets ... More debt.... 
Comment by shev72 on Feb 03, 2014 5:07am
Does anyone know what the new expected BV is with the new debt level(202+35M)?
Tuscany International Drilling Inc
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