Canada NewsWire
CALGARY, June 7, 2016
CALGARY, June 7, 2016 /CNW/ - LGX
Oil + Gas Inc. ("LGX", or the "Company") (TSXV: OIL) announces that the Court of Queens Bench of Alberta has granted the application of the Company's lender, to appoint Ernst & Young Inc. (the
"Receiver") as receiver and manager over the assets, undertakings and property of LGX and its subsidiaries. The Receiver is charged
with managing the day to day affairs of the Company during the period of its appointment and should be contacted with respect to
any questions concerning the assets and liabilities of LGX and its subsidiaries.
Effective upon the appointment of the Receiver, all of the Corporation's directors have resigned as directors of
the Corporation and its subsidiaries, as well all officers of the Company have been terminated.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE LGX Oil + Gas Inc.
