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BRIEF-Connacher Oil and Gas Limited files for CCAA protection

Published 2016-05-17, 08:30 p/m
© Reuters.  BRIEF-Connacher Oil and Gas Limited files for CCAA protection
CLC
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May 17 (Reuters) - Connacher Oil And Gas Ltd CLC.TO
* Connacher Oil and Gas files for CCAA protection and
receives order permitting interim financing of up to US$20
million
* Says during CCAA proceedings, it is expected that
company's operations will continue uninterrupted
* There are no intended changes to management team or
composition of board of directors of company
* Interim financing is expected to provide sufficient
liquidity to support business of applicants during CCAA
proceedings
* Obtained approval to initiate a sale and investment
solicitation process to be conducted in conjunction with CCAA
proceedings
* Connacher Oil and Gas limited files for CCAA protection
and receives order permitting interim financing of up to US$20
million and initiation of sales and investment solicitation
process

Source text for Eikon: ID:nCNWYK6GRa
Further company coverage: CLC.TO

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