On September 1, 2016, the Alberta Court of Queen's Bench granted an order appointing FTI Consulting Canada Inc. as Receiver and Manager of Twin Butte Energy Ltd., an intermediate oil and natural gas producer in Canada. In addition, on October 11, 2016, the Court approved a process permitting the Receiver to proceed with a sale and investment [...]
TORONTO, Sept. 6, 2016 /CNW/ - DELISTING REVIEW Twin Butte Energy Ltd. (the "Company") – Further to TSX Bulletin 2016-0876 dated August 31, 2016, TSX has determined to delist the common shares and 6.25% convertible unsecured subordinated debentures (Symbols: TBE and TBE.DB) (collectively, the "Securities") of the Company at the close of business on [...]
Twin Butte Energy announces that the Court of Queens Bench of Alberta has granted the application of the Company's syndicate lenders, to appoint FTI Consulting Canada Inc. as receiver and manager over the assets, undertakings and property of Twin Butte. The Receiver is charged with managing the day to day affairs of the Company during the period of [...]
TORONTO, Aug. 31, 2016 /CNW/ - DELISTING REVIEW Twin Butte Energy Ltd. (the "Company") – Further to TSX Bulletin #2016-0871 dated August 30, 2016, TSX is now reviewing the common shares and 6.25% convertible unsecured subordinated debentures (Symbols: TBE and TBE.DB) of the Company (collectively, the "Securities") with respect to meeting the [...]
Corrected source - Dear Twin Butte Securityholders, We, the ad hoc committee of unaffiliated senior debentureholders of Twin Butte Energy Ltd., wish to update Twin Butte's securityholders concerning recent developments in connection with the proposed restructuring of Twin Butte: Immediately following the special meeting of the Twin Butte [...]
Twin Butte Energy Ltd. announces that following the results of its meeting of securityholders held on August 29, 2016, whereby the debentureholders of Twin Butte did not approve a proposed plan of arrangement in respect of Twin Butte and its securityholders, Twin Butte's lenders under its senior secured credit facilities issued to the Company a [...]
TORONTO, Aug. 30, 2016 /CNW/ - DELISTING REVIEW Twin Butte Energy Ltd. (the "Company") – TSX is reviewing the common shares and 6.25% convertible unsecured subordinated debentures (Symbols: TBE and TBE.DB) of the Company with respect to meeting the continued listing requirements. The Company has been granted 30 days in which to regain compliance [...]
CALGARY, Aug. 29, 2016 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") announces that at the annual and special meeting (the "Meeting") of the holders (the "Shareholders") of common shares (the "Shares") of Twin Butte and holders (the "Debentureholders" and together with the Shareholders, the "Securityholders") of 6.25 [...]
CALGARY, Aug. 26, 2016 /CNW/ - Dear Debentureholder, We are an informal committee of concerned debentureholders of Twin Butte Energy Ltd. ("Twin Butte") formed to oppose Twin Butte's proposed transaction (the "Arrangement") with Reignwood Resources Holding Pte. Ltd. ("Reignwood"). We previously outlined objections to the Arrangement in our August [...]
CALGARY, Aug. 25, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") wishes to respond to the claims made in a press release from Mr. Murray Bockhold yesterday, which included a number of inaccurate statements. The facts have been previously disclosed to all stakeholders and re-iterated to Mr. Bockhold (Bockhold [...]
CALGARY, Aug. 24, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") announces that it has received notices of reassessment (the "Reassessments") from the Canada Revenue Agency (the "CRA") in which the CRA has denied the deduction of certain non-capital losses and other tax attributes in computing the Company's income [...]
CALGARY, Aug. 15, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") announces that it has entered into an agreement with its senior lenders pursuant to which such lenders have consented to the Company entering into an amending agreement to its arrangement agreement with Reignwood Resources Holding Pte. Ltd. (the [...]