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- Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies’ Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy Inc.
www.thestar.com/business/bellatrix-sale-to-return-energy-proposed-as-exit-to-creditor-protection-status/article_954f6831-6f7f-5d02-bf49-6eeb26a326c1.htmlBellatrix sale to Return Energy proposed as exit to creditor ...
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Apr 23, 2020 · Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies’ Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy...
CALGARY, Alberta, June 22, 2021 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the ...
Pursuant to the Transaction, the Purchaser will acquire substantially all of the Company’s assets relating to its oil and gas business, with the exception of the Company’s working capital and certain other excluded assets.
Apr 2, 2019 · Although the proposed recap will reduce Bellatrix’s debt by $110-million, or 23 per cent, and the company won’t have any maturities for non-revolving debt until 2023, equity analysts are much...
- Tim Kiladze
Mar 29, 2019 · CALGARY - Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company.
May 11, 2021 · In June of 2020, Spartan Delta (OTCPK:DALXF) acquired the Bellatrix assets from its creditors for CAD$88 million in addition to assuming approximately CAD$21 million of Bellatrix liabilities.
Bellatrix says the transactions — which are subject to approval by debtholders and court and regulatory authorities — would reduce its total outstanding debt by about $110 million to about $328 million and reduce annual interest payments by over $12 million.
