Market Impact: Negative. Pacific has entered into a restructuring transaction. The Company's existing outstanding common shares will be (1) cancelled for no consideration or (2) subject to extensive dilution such that, following the completion of the restructuring transaction, existing shareholders will hold only a nominal amount of the reorganized Company's equity.

19 Apr 2016
ANNOUNCES RESTRUCTURING AGREEMENT WITH CATALYST CAPITAL


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ANNOUNCES RESTRUCTURING AGREEMENT WITH CATALYST CAPITAL
Pacific Exploration and Production (PRE:TSE) | 0 0 0.0%
- Published:
19 Apr 2016 -
Author:
Darren B. Engels -
Pages:
3 -
Market Impact: Negative. Pacific has entered into a restructuring transaction. The Company's existing outstanding common shares will be (1) cancelled for no consideration or (2) subject to extensive dilution such that, following the completion of the restructuring transaction, existing shareholders will hold only a nominal amount of the reorganized Company's equity.