March 18, 2016 / 11:43 AM / a year ago

BRIEF-Terra Energy says its lender Canadian Western Bank demands $15.9 mln payment by Mar. 28

1 Min Read

March 18 (Reuters) - Terra Energy Corp

* Lender, canadian western bank has made demand upon terra and subsidiaries, for payment of approximately $15.9 million by march 28, 2016

* Says has terminated employment of most of its employees with exception of personnel engaged in shutting-in

* In addition, cwb has provided terra with notice of intention to enforce security pursuant to bankruptcy and insolvency act

* Undertaken a process of shutting-in all operated/licensed wells and facilities in order to secure and enhance safety of its operations Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below