BRIEF-Tuscany Energy announces receipt of repayment demand

Wed Jun 29, 2016 2:53pm EDT
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June 29 (Reuters) - Tuscany Energy Ltd:

* ATB Financial has demanded repayment of all amounts owing thereunder, being approximately $8.5 million

* Also intends to file an assignment in bankruptcy under BIA with respect to its remaining assets

* Upon appointment of receiver and assignment in bankruptcy being made, it is expected that all of Tuscany's directors will resign Source text for Eikon: Further company coverage: