CALGARY, ALBERTA–(December 2, 2013) – Tallgrass Energy Corp. (the “Company”) (TSX VENTURE: TLC) announces that the independent directors, Mr. Jonathan Lexier and Mr. Jim Screaton have resigned as Directors of the Company on November 28th, 2013.
Requests by the Company for access to financial information necessary for completion of the Company’s quarterly financial statements from the receiver, Grant Thornton Limited, have not been granted and, as such, the financial statements of the Company for the third quarter ending September 30, 2013 were unable to be completed in accordance with regulatory requirements.
In addition, a proposal by the Company to both secured and unsecured creditors of the Company has been rejected.
Grant Thornton Limited acting as receiver and manager over the property and assets of the Company can be contacted with respect to any questions concerning the assets and liabilities of the Company and is in charge of managing the day to day affairs during the period of its appointment. More information on the receivership is available on the Receiver’s website at http://www.grantthornton.ca/services/reorg/creditor_updates#T.
Mr. McAdam will remain in place to assess possible financing options to discharge the receiver and provide further funding to the Company.
John McAdam, BSc., P.Eng, ICD.D
President, CEO and Director
Tallgrass Energy Corp.
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