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BRIEF-Spyglass Resources cancels the special meeting of shareholders

Published 2015-11-26, 12:36 p/m
© Reuters.  BRIEF-Spyglass Resources cancels the special meeting of shareholders
SGL
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Nov 26 (Reuters) - Spyglass Resources Corp SGL.TO :
* Announces that it will not oppose the appointment of a receiver and cancels
the special meeting of shareholders
* Says the special meeting of shareholders scheduled for Thursday, December 17,
2015 is cancelled
* Board of directors decided not to oppose appointment of receiver and intend
to resign immediately upon appointment of receiver
* Low probability" of meeting covenant in credit agreement to pay down $35
million of its reducing term facility by November 30

* Source text for Eikon ID:nPnlRSCQ

* Further company coverage SGL.TO

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