American Eagle Energy adjourns auction, asset sale hearing two weeks

By Caroline Salls

Pittsburgh, Sept. 8 – American Eagle Energy Corp. adjourned the auction for its assets to Sept. 24 from Sept. 9 and the sale hearing to Sept. 25 from Sept. 10, according to a notice filed Friday with the U.S. Bankruptcy Court for the District of Colorado.

The company said no other terms and conditions contained in the court-approved bidding procedures were amended.

As previously reported, the holders of the 11% senior secured notes due 2019 issued by American Eagle Energy and guaranteed by AMZG, Inc. will be the stalking horse bidder for the assets. The company said the asset purchase agreement called for a $70 million credit bid.

American Eagle is a Littleton, Colo.-based independent oil and gas acquisition, exploration and development company. The company filed for bankruptcy on May 8 under Chapter 11 case number 15-15073.

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