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News Breaks | | | | September 2, 2012 | | 09:31 EDT |  | DPTR | Delta Petroleum, now Par Petroleum consummates reorganization
Delta Petroleum Corporation, now renamed Par Petroleum Corporation as described below, announced that the company has consummated its third amended plan of reorganization with Laramie Energy II,as the sponsor. The implementation of the Plan, as confirmed by the U.S. Bankruptcy Court on August 16, marks the conclusion of the Company's financial restructuring, and the emergence of Delta and eight subsidiaries (including Amber Resources Company of Colorado from Chapter 11. Delta and Amber's previously outstanding common stock has been cancelled, and will no longer be traded. In conjunction with the reorganization, Delta has been renamed Par Petroleum Corporation. | |
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