Storm Cat Energy Corporation Announces Default Under Subordinated Convertible Notes, Provides Update of Credit Facility and Engages Parkman Whaling LLC and Alvarez & Marsal
October 31st, 2008… due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated … outstanding debt or the potential sale of assets. Unfortunately, as a result of falling commodity prices and the global financial …