Redcorp Announces Court Ordered Extension of Stay and Related Relief Under CCAA Restructuring

Redcorp Ventures Ltd. announced that all of the relief granted in the order made by the British Columbia Supreme Court pursuant to its filing with Redfern Resources Ltd. under the Companies’ Creditors Arrangement Act (“CCAA”) on March 4, 2009, including the stay period as therein defined, is continued and extended until June 16, 2009 by order of the Court. The Court ordered that Redcorp... 

Tag: announces ordered, ccaa announced that, redcorp, redcorp venture ccaa, redcorp ventures news 2010

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

Tag: corvina oil field

Global Gold Registers Significant Discovery in Armenia at Toukhmanuk

Global Gold Corporation announce that its exploration, test mining, and processing work has uncovered a significant gold and silver discovery in the Central Area of its Toukhmanuk property in the north central mineral belt of Armenia. Results of recent test mining, diamond drilling of over 20,000 meters, surface sampling of the No. 1 and 15 mineralized areas indicate that there are at least eighteen... 

Caldera Agrees to Settle Debts With Insiders and Amend CanBiomine Transaction

Caldera Resources Inc. announced that it has agreed to settle the debts of four creditors of Caldera, who are also insiders of Caldera, and to amend the Letter Agreement to acquire CanBiomine Resources Inc. (“CanBio”) (the “Transaction”) dated September 24, 2008 and announced in a Press Release dated September 25, 2008. The Company is currently experiencing financial difficulties. The... 

Tag: reindler, mike langoulant australia

JED Oil Inc. Announces Ninety Day Extension of CCAA Protection

JED Oil Inc. announces that on September 15, 2008 the Court of Queen’s Bench of Alberta, Judicial District of Calgary, granted an extension for 90 days to December 15, 2008 of the Company’s Order of creditor protection under the Companies’ Creditors Arrangement Act, which was originally granted on August 13, 2008. The Court also granted JED’s application for an Order regarding the creditors’... 

Tag: jed oil

BPZ Energy Announces Approval of $200 Million Debt Facility

BPZ Resources, Inc. announced today that Natixis, a major French bank, has obtained approval from its Credit Committee to arrange and underwrite the $200 million tranche of the $215 million reserve-based lending facility, under the terms and conditions outlined in the Mandate Letter dated August 19th, as previously disclosed by the Company. As previously announced, the initial $15 million tranche was... 

ASARCO Files Bankruptcy Reorganization Plan

Tucson based ASARCO LLC (ASARCO) announced that it is filing today a Plan of Reorganization with the U.S. Bankruptcy Court in Corpus Christi, Texas. The plan implements the previously-announced sale of ASARCO’s operating assets to Sterlite (USA), Inc., a subsidiary of Sterlite Industries (India) Ltd. and Vendanta Resources plc. It also contains the framework of agreements that ASARCO is formulating... 

Tag: sale of assets under plan of reorganization, bankruptcy reorganization, asarco llc bankruptcy, asarco bankruptcy, asarco oil corpus christi

EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,... 

Tag: nasdaq oil companies operating in france, oil drilling in paris france, enercom inc oil paris france, texas oil company drilling near paris france on nasdaq, dallastexas oil company in france

Stocks stumble on record oil, inflation worries

Wall Street tumbled Tuesday after oil prices spiked to a new record above $129 a barrel and a government report raised investors’ concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell nearly 200 points. Crude jumped after OPEC’s president was quoted as saying his organization won’t raise its output before its next meeting in September. That sent...