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Apr 23, 2020 · By The Canadian Press. 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...
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...
Jun 23, 2022 · (the “Purchaser“) will acquire 1,000 new common shares issued by Bellatrix (the “Purchased Shares“) for an aggregate subscription price of $6,000,000, and all other existing equity securities of the Company will be cancelled, resulting in the Purchaser holding 100% of the aggregate issued and outstanding equity securities of Bellatrix ...
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.
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 C$50M...
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 ...
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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.
