BRIEF-Connacher Oil and Gas Limited files for CCAA protection

Tue May 17, 2016 8:30pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

May 17 (Reuters) - Connacher Oil And Gas Ltd

* Connacher Oil and Gas files for CCAA protection and receives order permitting interim financing of up to US$20 million

* Says during CCAA proceedings, it is expected that company's operations will continue uninterrupted

* There are no intended changes to management team or composition of board of directors of company

* Interim financing is expected to provide sufficient liquidity to support business of applicants during CCAA proceedings

* Obtained approval to initiate a sale and investment solicitation process to be conducted in conjunction with CCAA proceedings

* Connacher Oil and Gas limited files for CCAA protection and receives order permitting interim financing of up to US$20 million and initiation of sales and investment solicitation process Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)