| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Storm Cat Energy Corp. > News item |
Storm Cat Energy DIP financing extended to July 31
By Caroline Salls
Pittsburgh, March 31 - Storm Cat Energy Corp. received court approval to extend the maturity of its $14 million debtor-in-possession financing to July 31 from March 31, according to a Monday filing with the U.S. Bankruptcy Court for the District of Colorado.
Storm Cat said it has begun significant discussions with parties regarding a plan of reorganization and wants to move forward on a timely basis, but those efforts will require funding past the current maturity date.
Storm Cat, with headquarters in Denver and Calgary, Alta., filed for bankruptcy on Nov. 10. The Chapter 11 case number is 08-27887.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.