Latest Lone Pine Resources Inc. (LPRIQ) Headlines
Lone Pine Resources Completes Restructuring
Marketwire - Fri Jan 31, 2:57PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced the successful completion of its previously announced financial restructuring and its emergence from creditor protection under the Companies' Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code. As a result of the restructuring, Lone Pine has reduced its long term debt from approximately Cdn$395 million as of September 25, 2013 to approximately Cdn$90 million at emergence.
Lone Pine Resources Announces United States Court Approval of Restructuring Plan
Marketwire - Fri Jan 10, 4:24PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has issued an order (the "U.S. Recognition Order") recognizing and enforcing in the United States under Chapter 15 of the U.S. Bankruptcy Code ("Chapter 15") the order (the "Sanction Order") issued on January 9, 2014 by the Court of Queen's Bench of Alberta sanctioning and approving Lone Pine's previously announced First Amended and Restated Plan of Compromise and Arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA").
Lone Pine Resources Announces Canadian Court Approval of Restructuring Plan
Marketwire - Thu Jan 09, 5:22PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Court of Queen's Bench of Alberta (the "Canadian Court") has issued an order (the "Sanction Order") sanctioning and approving Lone Pine's previously announced First Amended and Restated Plan of Compromise and Arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA").
Lone Pine Resources Announces Creditor Approval of Restructuring Plan
Marketwire - Mon Jan 06, 6:00PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that affected creditors of the Company and its subsidiaries have approved, by the required majorities at meetings held today, Lone Pine's previously-announced plan of compromise and arrangement (as amended, the "Plan") under the Companies' Creditors Arrangement Act ("CCAA"). The Plan was approved at the respective creditors' meeting of each company by over 95% of the number of affected creditors who voted on the Plan holding, in each case, more than 99% of the proven claims of all voting creditors of that company.
Lone Pine Resources Announces Filing of Restructuring Plan Supplement
Marketwire - Tue Dec 31, 3:01PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a supplement (the "Plan Supplement") to its previously-filed plan of compromise and arrangement under the Companies' Creditors Arrangement Act ("CCAA"), together with an amended and restated plan of compromise and arrangement (as amended, the "Plan") giving effect to certain amendments referred to in the Plan Supplement. The Plan Supplement supplements the Plan by providing further information regarding the rights, privileges, restrictions and conditions that will be attached to each class of equity securities to be issued by the Company and its subsidiary, Lone Pine Resources Canada Ltd. ("LPR Canada") pursuant to the Plan; a description of certain shareholder protections and other provisions, including drag-along, tag-along, pre-emptive, registration and piggy-back rights, to be included in the constating documents of the Company and LPR Canada upon implementation of the Plan; a draft of the Court order to be sought by the Company sanctioning and approving the Plan; and a description of certain proposed amendments to the Plan providing for, among other things, a potential, conditional cash distribution to holders of the existing common stock of Lone Pine ("Existing Common Shares"). A copy of the amended and restated Plan is included as a schedule to the Plan Supplement.
Lone Pine Resources Announces Non-Operated Asset Disposition and Undeveloped Land Continuation at Pointed Mountain in the Liard Basin
Marketwire - Thu Dec 19, 5:22PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced the disposition of certain non-operated, minority working interest assets and an update regarding its undeveloped land continuation efforts at Pointed Mountain in the Liard Basin.
Lone Pine Resources Announces Filing of Restructuring Plan and Calling of Creditors' Meetings
Marketwire - Tue Dec 17, 6:28PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a plan of compromise and arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA") relating to their previously-announced restructuring plan. The Plan provides for, among other things, the conversion of outstanding 10.375% senior notes due 2017 and other unsecured debt into new common shares, an offering of new preferred shares to eligible affected creditors to raise between US$100 million and US$110 million in new capital, and the cancellation of all outstanding shares of Lone Pine common stock. Current shareholders of the Company will not receive any distributions under the Plan.
Lone Pine Resources Provides Update Regarding Restructuring and Related Court Proceedings
Marketwire - Tue Nov 12, 5:33PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced an update regarding its restructuring plan and related court proceedings.
Lone Pine Resources Announces Filing of Quarterly Report on Form 10-Q
Marketwire - Fri Nov 08, 4:00PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today filed its Quarterly Report on From 10-Q for the three and nine months ended September 30, 2013 with the U.S. Securities and Exchange Commission and on SEDAR in Canada. The filing is available for review at www.sec.gov, at www.sedar.com and on the Company's website at www.lonepineresources.com.
Lone Pine Resources Completes Restructuring
Marketwire - Fri Jan 31, 2:57PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced the successful completion of its previously announced financial restructuring and its emergence from creditor protection under the Companies' Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code. As a result of the restructuring, Lone Pine has reduced its long term debt from approximately Cdn$395 million as of September 25, 2013 to approximately Cdn$90 million at emergence.
Lone Pine Resources Announces United States Court Approval of Restructuring Plan
Marketwire - Fri Jan 10, 4:24PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the United States Bankruptcy Court for the District of Delaware has issued an order (the "U.S. Recognition Order") recognizing and enforcing in the United States under Chapter 15 of the U.S. Bankruptcy Code ("Chapter 15") the order (the "Sanction Order") issued on January 9, 2014 by the Court of Queen's Bench of Alberta sanctioning and approving Lone Pine's previously announced First Amended and Restated Plan of Compromise and Arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA").
Lone Pine Resources Announces Canadian Court Approval of Restructuring Plan
Marketwire - Thu Jan 09, 5:22PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Court of Queen's Bench of Alberta (the "Canadian Court") has issued an order (the "Sanction Order") sanctioning and approving Lone Pine's previously announced First Amended and Restated Plan of Compromise and Arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA").
Lone Pine Resources Announces Creditor Approval of Restructuring Plan
Marketwire - Mon Jan 06, 6:00PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that affected creditors of the Company and its subsidiaries have approved, by the required majorities at meetings held today, Lone Pine's previously-announced plan of compromise and arrangement (as amended, the "Plan") under the Companies' Creditors Arrangement Act ("CCAA"). The Plan was approved at the respective creditors' meeting of each company by over 95% of the number of affected creditors who voted on the Plan holding, in each case, more than 99% of the proven claims of all voting creditors of that company.
Lone Pine Resources Announces Filing of Restructuring Plan Supplement
Marketwire - Tue Dec 31, 3:01PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a supplement (the "Plan Supplement") to its previously-filed plan of compromise and arrangement under the Companies' Creditors Arrangement Act ("CCAA"), together with an amended and restated plan of compromise and arrangement (as amended, the "Plan") giving effect to certain amendments referred to in the Plan Supplement. The Plan Supplement supplements the Plan by providing further information regarding the rights, privileges, restrictions and conditions that will be attached to each class of equity securities to be issued by the Company and its subsidiary, Lone Pine Resources Canada Ltd. ("LPR Canada") pursuant to the Plan; a description of certain shareholder protections and other provisions, including drag-along, tag-along, pre-emptive, registration and piggy-back rights, to be included in the constating documents of the Company and LPR Canada upon implementation of the Plan; a draft of the Court order to be sought by the Company sanctioning and approving the Plan; and a description of certain proposed amendments to the Plan providing for, among other things, a potential, conditional cash distribution to holders of the existing common stock of Lone Pine ("Existing Common Shares"). A copy of the amended and restated Plan is included as a schedule to the Plan Supplement.
Lone Pine Resources Announces Non-Operated Asset Disposition and Undeveloped Land Continuation at Pointed Mountain in the Liard Basin
Marketwire - Thu Dec 19, 5:22PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced the disposition of certain non-operated, minority working interest assets and an update regarding its undeveloped land continuation efforts at Pointed Mountain in the Liard Basin.
Lone Pine Resources Announces Filing of Restructuring Plan and Calling of Creditors' Meetings
Marketwire - Tue Dec 17, 6:28PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a plan of compromise and arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA") relating to their previously-announced restructuring plan. The Plan provides for, among other things, the conversion of outstanding 10.375% senior notes due 2017 and other unsecured debt into new common shares, an offering of new preferred shares to eligible affected creditors to raise between US$100 million and US$110 million in new capital, and the cancellation of all outstanding shares of Lone Pine common stock. Current shareholders of the Company will not receive any distributions under the Plan.
Lone Pine Resources Provides Update Regarding Restructuring and Related Court Proceedings
Marketwire - Tue Nov 12, 5:33PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced an update regarding its restructuring plan and related court proceedings.
Lone Pine Resources Announces Filing of Quarterly Report on Form 10-Q
Marketwire - Fri Nov 08, 4:00PM CST
Lone Pine Resources Inc. ("Lone Pine" or the "Company") today filed its Quarterly Report on From 10-Q for the three and nine months ended September 30, 2013 with the U.S. Securities and Exchange Commission and on SEDAR in Canada. The filing is available for review at www.sec.gov, at www.sedar.com and on the Company's website at www.lonepineresources.com.
