Search results
Jun 22, 2021 · Pursuant to the Transaction: (i) the Purchaser will loan $2,499,000 to Bellatrix (the “Loan”), and Bellatrix will issue a promissory note to the Purchaser in respect thereof (the “Promissory Note”); (ii) certain assets (including, without limitation, all existing cash, the proceeds of the Loan and the subscription proceeds in respect of ...
Oct 7, 2016 · The company recently announced a sale to pay the remaining $13 million due in November which takes some pressure off management. The rest of the proceeds went to pay down other bank debt so the...
Pursuant to the Transaction: (i) the Purchaser will loan $2,499,000 to Bellatrix (the “Loan”), and Bellatrix will issue a promissory note to the Purchaser in respect thereof (the “Promissory Note”); (ii) certain assets (including, without limitation, all existing cash, the proceeds of the Loan and the subscription proceeds in respect of ...
Apr 23, 2020 · 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.
Jun 23, 2022 · The Transaction is the result of Bellatrix’s efforts to maximize additional value for the benefit of its stakeholders, following the sale transaction completed by Bellatrix in June 2020 pursuant to its CCAA proceedings, and following the Company’s previously announced transaction with 1184262 B .C. Ltd., an affiliate of Hillcore Group Ltd., whic...
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...
People also ask
What is the Bellatrix transaction?
When did Bellatrix exploration close its sale transaction?
What is the Bellatrix CCAA transaction?
Is Bellatrix a publicly traded company?
Will Bellatrix's debt be repaid?
Will Bellatrix's restructuring lead to a debt default?
Jul 22, 2016 · Summary. Bellatrix has now covered all bases after seeing its borrowing base being slashed by 60%. Two asset sales and the C$30M equity raise will reduce the net debt, whilst an additional...
