CALGARY, Aug. 5, 2016 /CNW/ – Connacher Oil and Gas Limited (CLL – TSX; “Connacher” or the “Company”) announces that the final bid deadline has been extended under the sale and investment solicitation process (“SISP”) being conducted in conjunction with Connacher’s proceedings under the Companies’ Creditors Arrangement Act (“CCAA”).
The new timeline under the SISP will be as follows:
Milestone |
Deadline |
Phase II Bid Deadline |
August 19, 2016 |
Court Approval of Successful Bid(s) |
August 31, 2016 |
Closing of Transaction(s) |
September 7, 2016 |
Interested parties are invited to contact the Monitor by phone or email or to go to the Monitor’s website at www.ey.com/ca/connacheroilandgas for further information on the SISP.
Ernst & Young Inc., in its capacity as Court-appointed Monitor of
Connacher Oil and Gas Limited
2200, 215 2nd Street SW
Calgary, Alberta T2P 1M4
+1 403 206 5600
connacher.salesprocess@ca.ey.com
The Company does not intend to comment further regarding the SISP or the CCAA process unless it is determined that further disclosure is appropriate or required by law.