CALGARY, ALBERTA–(Marketwired – Oct. 13, 2016) – Lightstream Resources Ltd. (the “Company” or “Lightstream”) (TSX:LTS) announces that we have obtained an order from the Court of Queen’s Bench of Alberta extending the stay of proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) to December 16, 2016 as the Company continues working to restructure our balance sheet. All other terms of the initial order described in our September 26, 2016 press release are unchanged.
All inquiries regarding Lightstream’s CCAA proceedings should be directed to the Monitor, FTI Consulting Canada Inc. The Monitor has established an information line at 1-855-344-1825 and a dedicated email address at [email protected] for the purposes of receiving and responding to enquiries regarding the CCAA process.
Lightstream Resources Ltd. is an oil and gas exploration and production company focused on light oil in the Bakken and Cardium resource plays. We are committed to delivering industry leading operating netbacks, strong cash flows and consistent operating results through leading edge technology applied to a multi-year inventory of existing and emerging resource play opportunities. Our long-term strategy is to efficiently develop our assets and deliver an attractive dividend yield.